Tereos Internacional's public offering considered "negative" for stock in short term - Ativa.

(ADPnews) - May 30, 2011 - The primary public offering of Brazil-based sugar and ethanol maker Tereos Internacional (SAO:TERI3) will have a "negative" impact on the company shares in the short term, Ativa said.

However, after the completion of the transaction the company's stock is likely to show an upward trend, Ricardo Correa, analyst with Ativa, noted, attributing the "negative" short term influence of the offering to the dilution of the minority shareholders.

On May 25, Tereos Internacional filed a request for a primary public offering of …