UGN Security Forums UGN Security: Underground News Technology [Reuters] Brazil watchdog lifts suspension of Oi offer, paves way for merger

NEW YORK/SAO PAULO (Reuters) - Brazil's securities industry watchdog CVM on Tuesday lifted a suspension on Grupo Oi SA's 6 billion real ($2.7 billion) share offering, paving the way for the Brazilian telecommunications company's merger with Portugal Telecom SGPS SA.