Vivara Participações S.A. (BOVESPA:VIVA3) is in talks to buy competitor H.Stern Jewelers, Inc. The deal would be closed in cash and shares, and Vivara considers a secondary offering to raise part of the funds, said an executive close to the companies, without revealing numbers. Before its IPO in October 2019, Vivara held talks with the owners of H.Stern, who had hired Bank of America as a financial advisor – but the companies did not reach an agreement. This time, resumed negotiations with the Kaufman family, owner of Vivara.