Reported 28 days ago
The majority of minority shareholders of Brazilian food company BRF have approved a merger with beef producer Marfrig, paving the way for the creation of a significant global food entity. According to a recent filing, 71.4% of these shareholders supported the deal, which includes a share swap and is slated for completion at an extraordinary shareholders meeting on August 5. This merger is set to establish a new corporate entity known as MBRF.
Source: YAHOO