Quick update: I recommended VIV (Vivo Participacoes S.A.) in one of my smartphone apps recently. Today VIV announced a merger with TSP (Telecomunicacoes de Sao Paulo S.A). This merger will convert the TSP symbol to the VIV symbol and will adopt the TSP stock price, currently at $29.57. This will also give prior VIV owners a 1.55 to 1 distribution of shares.
In summation, if you own(ed) VIV take note ...Continue Reading →