FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of December, 2007
Brazilian Distribution Company
(Translation of Registrant’s Name Into English)
Av. Brigadeiro Luiz Antonio,
3126 São Paulo, SP 01402-901
Brazil
(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F)
Form 20-F X Form 40-F
(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101 (b) (1)):
Yes ___ No X
(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101 (b) (7)):
Yes ___ No X
(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
Yes ___ No X
NOTICE TO THE MARKET
DECLARATION OF ACQUISITION OF MATERIAL SHARE INTEREST
São Paulo, Brazil, December 20, 2007– Grupo Pão de Açúcar [BOVESPA: PCAR4 (PN); and NYSE: CBD] announces to the public, according to information provided by its shareholder Tarpon Investimentos S.A.:
Pursuant to the provisions of article 12 of Instruction 358, modified by Instruction 449/07 of the Brazilian Securities and Exchange Commission (CVM), we hereby inform that the funds and portfolios managed by Tarpon Investimentos S.A. and by its parent company, Tarpon Investment Group Ltd.(“Funds”), reached, on December 17, 2007, a stake of 6,716,100 (six million, seven hundred and sixteen thousand, one hundred) preferred shares issued by Companhia Brasileira de Distribuição (“Company”), representing 5.2% (five point two percent) of the Company's preferred capital stock.
We also explain that the goal of the Funds, when acquiring shares that are part of an interest, was to merely carry out financial operations, and are not aimed at changing the arrangement of the Company's control or administrative structure. In addition, the Funds do not intend to acquire any specific interest.
The Funds also stated not owning, in the same date, any other bonds or securities issued by the Company, or signed any settlement or agreement to regulate the voting right exercise or of the purchase and sale of securities issued by the Company.
São Paulo, December 20, 2007
Daniela Sabbag
Investor Relations Officer
SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO | ||
| Date: December 20, 2007 | By: /s/ Enéas César Pestana Neto Name: Enéas César Pestana Neto Title: Administrative Director | |
| By: /s/ Daniela Sabbag Name: Daniela Sabbag Title: Investor Relations Officer | ||
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.