Shares in Sare Holding SAB de CV jumped up more than 20% on July 5, 2012 after a report about Beamonte Investments, Inc. looking to acquire the company. On July 4, 2012, Bloomberg reported that Beamonte Investments might make an offer to acquire Sare on July 18, 2012. Reuters said that spokesman for Beamonte was not available for comments. Earlier Sare had told the stock exchange that it had had no contact with Beamonte.