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.
JBS Swift Beef Co. of Greeley, Colo., is voluntarily expanding its beef recall to include about 380,000 pounds of products sold in Minnesota and other states because of possible E. coli contamination. A recall earlier past week involved about 41,000 pounds of products.
June 29, 2009
Showing 1 - 6 of 6
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 »