ClearSale Merges with Serasa Experian

SAO PAULO (Reuters) – Brazilian cyber security firm ClearSale announced on Friday a deal to merge with Serasa, a subsidiary of Experian.

Under the agreement, all shares of ClearSale will be incorporated into Serasa Experian. Each common share of ClearSale will be exchanged for a redeemable share of Serasa Experian valued at 10.56 reais, representing a 23.5% premium over the stock’s closing price on October 3.

The deal will require approval from local regulators, as reported by Brazil Journal earlier today.