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Bloomberg | January 13, 2011 | Alexander Cuadros
The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 3:15 p.m. New York time. Preferred shares are usually the most-traded class of stock.
The Bovespa Index fell 1.3 percent to 70,721.44.
Telemar Norte Leste SA (TMAR5 BS) gained 2.2 percent to 50.50 reais. Shareholders of Brazil’s biggest fixed-line phone company, known as Oi, approved the takeover of Invitel SA, controller of Brasil Telecom Participacoes SA, according to a regulatory filing. Tele Norte Leste Participacoes SA (TNLP4 BS), Telemar’s parent, rose 1.2 percent to 26.32 reais.
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