Green Light for JBS Takeover
BRAZIL - Brazilian beef processing giant JBS Friboi has been given the green light for its takeover of US processor National Beef.
19 March 2008
1 minute read
JBS has informed the Commission for Moveable Assets in the Sao Paulo stock exchage, Bovespa, that National Beef's major shareholder, US Premium Beef LLC has approved the sale, which was announced on 14 March.
US Premium beef has more than 2,100 members from 36 states in the US.
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