Beamonte Investments, Inc. intends to acquire Sare Holding SAB de CV. Beamonte is on the verge of hiring an investment bank to help it analyze the potential acquisition, Managing Director of Beamonte's Mexico team said. "We are analyzing the company," Luis Trevino told Dow Jones Newswires by phone, adding that any offer would be unsolicited. Funds Americas reported this week that Beamonte is considering an offer of approximately $100 million for Sare. Luis Trevino declined to verify that valuation. Sare shares rose 24% in recent trade on the Mexican Stock Exchange to MXN 1.42, for a market capitalization of around MXN 960 million. Sare shares were briefly suspended in afternoon trade pending a company statement. Sare said in a filing with the Mexican Stock Exchange that it didn't have any information to report to market participants that could explain the sharp gain. In a subsequent statement, Sare said it hasn't had contact with any third parties regarding a possible sale.