The merger is proceeding as planned with no shareholder dissent. Monitor the October 27 credit of Sabesp shares to former EMAE shareholders for any post-merger price adjustment or arbitrage close-out.
Price Chart
Executive Summary
Sabesp and EMAE announced that no shareholders exercised withdrawal rights in connection with the merger of EMAE shares into Sabesp, confirming the deal will close on schedule. EMAE's last trading day is October 23, 2026, and on October 27, 2026, EMAE shareholders will receive Sabesp shares at a ratio of 1.3195 Sabesp shares per EMAE share. This removes the last procedural hurdle for the merger, which was previously approved by both companies' shareholders.
Key Facts
- No EMAE shareholders exercised withdrawal rights; no reimbursement payments will be made.
- EMAE's last trading day on B3 is October 23, 2026.
- On October 27, 2026, EMAE shareholders will receive 1.3195 Sabesp shares per EMAE share.
- Fractional shares will be grouped and sold on B3 after the merger closes.
Financial Impact
No cash consideration; all-stock merger with exchange ratio of 1.3195 Sabesp shares per EMAE share. No withdrawal payments were triggered.
Risk Factors
- Potential tax withholding complexities for non-resident EMAE shareholders could create friction.
- Fractional share auction process may introduce minor timing uncertainty for cash proceeds.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001292814-26-004962 |
| Document: 0001292814-26-004962-index-headers.html | 0001292814-26-004962 |
| Document: 0001292814-26-004962-index.html | 0001292814-26-004962 |
| Document: 0001292814-26-004962.txt | 0001292814-26-004962 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 6-K | $6.32 $6.27 | ▼ −0.79% | ▲ +0.39% | $4.75 (−24.84%) |
Oct 9, 2026 18d ago | 6-K | $6.74 $6.73 | ▼ −0.15% | ▼ −0.09% | $4.75 (−29.53%) |
Oct 2, 2026 25d ago | 6-K | $6.26 $6.41 | ▲ +2.40% | ▲ +1.85% | $4.75 (−24.12%) |
Sep 23, 2026 4w ago | 6-K | $5.17 $5.15 | ▼ −0.39% | ▼ −0.30% | $4.75 (−8.12%) |
Sep 18, 2026 5w ago | 6-K | $5.31 $5.44 | ▲ +2.45% | ▲ +0.90% | $4.75 (−10.55%) |
Aug 21, 2026 9w ago | Institutional Cluster | $4.61 $4.63 | ▲ +0.43% | ▲ +0.73% | $4.75 (+3.04%) |
Aug 14, 2026 10w ago | 6-K | $4.60 $4.58 | ▲ +0.43% | ▼ −0.04% | $4.75 (−3.26%) |
Jul 31, 2026 12w ago | 6-K | $5.45 $5.43 | ▼ −0.37% | ▼ −1.79% | $4.75 (−12.84%) |
Jun 30, 2026 17w ago | 6-K | $5.78 $5.75 | ▼ −0.52% | ▼ −0.38% | $4.75 (−17.82%) |
Jun 17, 2026 18w ago | Insider Cluster | $5.25 $5.42 | ▲ +3.24% | ▲ +3.55% | $4.75 (−9.52%) |
US Market Status
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