RE:GUD thoughts:I don't see it mentioned to be done in 16 days.
From their Q1 report I am pasting this:
"November 29, 2019 the Company acquired a controlling stake of 51.2% in GBT (“GBT Transaction”), from a controlling
shareholder group that included Advent International and Essex Woodlands, among others. The purchase price per share
paid by the Company at closing was $3.48 [BRL 10.96], for an aggregate purchase price of $189,024 [BRL 595,662], which
was funded entirely from the Company’s cash on hand. An amount equivalent to 20% of the Purchase Price was deposited
in escrow to secure the sellers' indemnification obligations under the purchase agreement for the GBT Transaction. The
escrow amount will be released equally over a period of three years from closing, net of claims in accordance with the terms
and conditions of the Share Purchase Agreement.
The remaining 48.8% ownership of GBT is publicly-held and traded on B3, Brazil’s main stock exchange, through BDRs.
Following the close of the GBT Transaction, Knight initiated the process of launching a mandatory public tender offer to
acquire the BDRs from public shareholders (the "Unified Tender Offer") on similar terms as the GBT Transaction plus interest
at the Selic rate calculated from November 29, 2019 until the settlement date. Alternatively, the public shareholders’ may
opt to be paid in cash on the settlement date an amount of BRL10.15 per BDR plus interest at the Selic rate calculated from
November 29, 2019. On December 20, 2019, the Company submitted to B3 an authorization request to carry out the Unified
Tender Offer, which is expected to take up to 9 months from launch to completion."
This would take us to September for the tender offer.
I recall Samira mention 4 to 8 months in the Q4 results but now in Q1 I see this.