BRASILIA - JBS SA, the world's largest meatpacker, said on Monday it had obtained a loan of up to $1.2 billion to pay for the acquisition of Cargill Inc's U.S. pork assets.
The loan has a maturity of seven years and interest rates equal to Libor plus 2.75 percent per annum, with a minimum Libor Rate of 0.75 percent, the company said in a statement.
SAO PAULO - JBS SA, the world's largest meatpacker, expects antitrust approval of its acquisition of Cargill Inc's U.S. pork assets in four to seven months, paving the way for synergies of more than $75 million, executives said on Thursday.
SAO PAULO and CHICAGO - JBS SA, the world's largest meat packer, is buying Cargill Inc's U.S. pork business for $1.45 billion, free of debt, it said in a statement on Wednesday, a deal that would make it one of the largest and most powerful meat companies in the United States.
Cargill Inc. and the U.S. Department of Agriculture are trying to determine if some meat products were contaminated by an ammonia leak that closed the company’s Ottumwa, Iowa, pork packing plant on Friday, a company spokesman said.
Minnetonka, Minn.-based Cargill is one of the nation's largest beef processors. Federal workplace regulators this week cited Cargill Inc.'s Milwaukee beef slaughterhouse for 23 serious safety violations, the most violations the agribusiness giant has received at any of its U.S. plants in at least a decade.
The U.S. Labor Department says one of the nation's largest meatpackers systematically discriminated against more than 4,000 qualified applicants who sought entry-level jobs at a turkey processing plant in Arkansas. The government seeks to cancel more than $550 million in contracts with the U.S. Defense Department and prevent future contracts until the company stops what they call discriminatory practices.
PORTLAND, Ore. — The family of an Oregon child sickened by salmonella after eating a homemade spaghetti and meatballs dinner filed a lawsuit Tuesday against Cargill, which recalled 36 million pounds of ground turkey amid an outbreak.
View your ad here! Cost effective targeted advertising. Contextual advertising starting as low as $79/month. This includes targeted ad delivery and search results! Add your business to the Marketplace »