Shares of Petrobras (NYSE: PBR) fell 27 cents to close at $6.20 after rival Ultrapar Participacoes (NYSE: UGP) announced plans to acquire Alesat Combustveis. Ultrapar Participacoes stock gained 74 cents to close at $19.89.
Petrobras falls on Ultrapar Participacoes acquisition
June 13, 2016 at 16:57 PM EDT
