Magazine Luiza S.A. (BOVESPA:MGLU3) agreed to acquire KaBuM for BRL 2.7 billion on July 15, 2021. As per the transaction, Magazine Luiza will pay BRL 1 billion in cash and 75 million shares in a cash and stock deal. The deal value may rise to BRL 3.866 billion depending on certain targets being met by Kabum by 2024. Magazine Luiza would issue 150,000 new shares to fund the acquisition. Closure of the deal is subject to approval by The Administrative Council for Economic Defense - CADE. Magazine Luiza S.A. (BOVESPA:MGLU3) completed the acquisition of KaBuM recently.