• Dec. 9, 2011, 12:04 PM

    BRF Brasil Foods (BRFS +2.7%), Brazil's largest food processor, agrees to swap assets with rival Marfrig (MRRTY.PK +5.2%) as part of an agreement with antitrust regulators to sell some assets in order to go ahead with the full merger of the companies. The company was ordered to get rid of or suspend about 12% of production capacity in order to create a rival that could effectively compete with the company.

    Dec. 9, 2011, 12:04 PM
  • Jul. 13, 2011, 2:27 PM

    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.

    Jul. 13, 2011, 2:27 PM