Marfrig Global Foods SA ADR(MRRTY)- OTCPK - Current
  • 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