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MRRTY Marfrig Global Foods SA (PK)

1.86
-0.06 (-3.13%)
Last Updated: 18:55:08
Delayed by 15 minutes
Name Symbol Market Type
Marfrig Global Foods SA (PK) USOTC:MRRTY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.06 -3.13% 1.86 1.83 1.85 1.89 1.86 1.89 5,814 18:55:08

JBS to Buy Cargill's U.S. Pork Business

01/07/2015 10:50pm

Dow Jones News


Marfrig Global Foods (PK) (USOTC:MRRTY)
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Agribusiness giant Cargill Inc. has agreed to sell its U.S.-based pork business to Brazilian meatpacker JBS SA for $1.45 billion.

JBS has completed more than a dozen acquisitions since 2005, including poultry business Pilgrim's Pride Corp. In June, it announced a $1.5 billion deal for the European poultry unit of its local rival Marfrig Global Foods SA.

The deal includes meat processing plants in Ottumwa, Iowa, and Beardstown, Ill., that processed a total of 9.3 million hogs last year, as well as five feed mills and four hog farms.

JBS entered the U.S. pork market with the 2007 purchase of Swift & Co.

Write to Josh Beckerman at josh.beckerman@wsj.com

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Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=BRJBSSACNOR8

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Access Investor Kit for Pilgrim's Pride Corp.

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US72147K1088

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1 Year Marfrig Global Foods (PK) Chart

1 Year Marfrig Global Foods (PK) Chart

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