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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Jbs Sa | BOV:JBSS3 | Bovespa | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.01 | -0.04% | 23.86 | 24.21 | 23.62 | 24.20 | 7,196,200 | 01:41:10 |
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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1 Year JBS ON Chart |
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