Key Facts

—The company. T4F, or Time For Fun, is Latin America’s largest live-entertainment promoter, behind festivals and major tours across Brazil, Argentina and Mexico.

—The move. Its founder and controller, Fernando Luiz Alterio, is buying out the public shareholders to take the company private and off the B3 exchange.

—The date. The buyout auction is set for July 20, 2026, after the regulator cleared the offer; shareholders must sign up by July 17.

—The price. The offer is R$5.59 ($1.08) a share, lifted to about R$5.97 ($1.15) with interest, a premium of roughly 34 percent over the price before the plan was announced.