StoneCo and Linx Consider Combining, Sending Both Stocks Higher

StoneCo and Linx Consider Combining, Sending Both Stocks Higher

Brazilian payments company StoneCo (NASDAQ: STNE) and Brazilian technology company Linx S.A. (NYSE: LINX) are considering combining operations. StoneCo's investor-relations website was mum on the topic, but Linx's website informed investors of the potential business combination. StoneCo stock finished the day 11% higher, while Linx stock went up 35%.