ADRs in frozen-products leader Brasil Foods (BRFS) have jumped 10% today after a conditional OK...
ADRs in frozen-products leader Brasil Foods (BRFS) have jumped 10% today after a conditional OK of its $3.8B plan to take over rival Sadia. A 4-1 vote requires that BRFS suspend its use of Perdigao, a brand valued at nearly $2B, and the company says that and other divestitures will hit 13% of operating revenue.
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