Brazilian Software Maker Totvs and Homebuilder MRV Launch Share Buybacks

Brazil · Markets Key Facts —20 million shares retired Totvs purchased 100% of its authorized limit, removing 20 million common shares from circulation and concentrating future earnings for remaining shareholders. —R$32.17 average price The software giant paid about US$5.26 per share on average, signaling that management views the stock as undervalued below this threshold. —8.05%…