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Marfrig Global Foods SA (MRFG3.SA)

MRFG3.SA on Sao Paulo Stock Exchange

6.55BRL
21 Jun 2019
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R$ 6.55
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4,903,194
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R$ 8.76
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R$ 5.02

Latest Key Developments (Source: Significant Developments)

Tyson Foods To Acquire Keystone Foods For $2.16 Billion
Monday, 20 Aug 2018 

Aug 20 (Reuters) - Tyson Foods Inc ::TYSON FOODS TO ACQUIRE KEYSTONE FOODS FOR $2.16 BILLION.TYSON FOODS INC - EXPECTS ACQUISITION TO BE ACCRETIVE TO GAAP EPS IN THIRD YEAR.TYSON FOODS INC - ACQUISITION WILL BE FUNDED THROUGH A COMBINATION OF EXISTING LIQUIDITY AND PROCEEDS FROM ISSUANCE OF NEW DEBT.TYSON FOODS INC - IT ALSO EXPECTS TO GENERATE ANNUAL SYNERGIES OF APPROXIMATELY $50 MILLION BY THIRD YEAR OF ACQUISITION.TYSON FOODS INC - TRANSACTION, WHICH HAS BEEN APPROVED BY TYSON FOODS' BOARD OF DIRECTORS, IS EXPECTED TO CLOSE IN MID-FISCAL 2019.TYSON FOODS - EXPECTS ACQUISITION TO BE ACCRETIVE TO ADJUSTED EPS IN FIRST YEAR EXCLUDING TRANSACTION-RELATED COSTS, AMONG OTHERS.TYSON FOODS - CO PLANS TO USE CASH FLOWS TO PAY DOWN DEBT TO CONTINUE TO SUPPORT ITS CREDIT RATINGS & TO STRENGTHEN BALANCE SHEET.TYSON FOODS - DEAL INCLUDES 6 PROCESSING PLANTS & A CENTER IN U.S. WITH LOCATIONS IN ALABAMA, GEORGIA, KENTUCKY, NORTH CAROLINA, AMONG OTHERS.TYSON FOODS - DEAL ALSO INCLUDES EIGHT PLANTS AND THREE CENTERS IN CHINA, SOUTH KOREA, MALAYSIA, THAILAND AND AUSTRALIA.TYSON FOODS - REACHED AGREEMENT TO BUY KEYSTONE FOODS BUSINESS FROM MARFRIG GLOBAL FOODS FOR $2.16 BILLION IN CASH.  Full Article

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BRF and Marfrig's tie-up talks draw doubts on timing, savings

SAO PAULO Investors and analysts on Friday questioned Brazilian meatpacker BRF SA's move to take over local beef producer Marfrig Global Foods SA, raising doubts about the timing of talks and the potential for cost savings.