Desktop Jumps Most Since 2021 After Claro Inks Takeover Deal

Shares of Desktop SA rallied the most since going public in 2021 after Claro Telecom Participacoes SA signed a 4 billion reais ($764 million) deal to buy a majority stake in the Brazilian telecom company.

Claro, a Brazilian unit of billionaire Carlos Slim’s America Movil SAB, will buy about 73% of Desktop’s shares from holders including the Makalu Brasil Partners fund, pending regulatory approval.