6 result(s) displayed (1 - 6 of 6):

Brazilians take center stage in JBS, InBev (from Corporate Dealmaker)

What is it about these Brazilian management teams? On Thursday, we learned that JBS SA (BZ:JBSS3) was in late-stage talks to acquire bankrupt Pilgrim's Progress Corp. (OTC:PGPDQ) for about $2.5 billion. If a deal materializes, it would cap 24 months of aggressive dealmaking by the Brazilian beef giant. Since its...

Posted on September 4, 2009 1:20 PM

Beefed up JBS plans $2B U.S. IPO (from Corporate Dealmaker)

Brazil's JBS SA, the world's top beef producer, said its U.S. unit filed for an IPO worth up to $2 billion, giving potential investors a clearer look at their operations and providing capital for expansion. In a Securities and Exchange Commission filing, JBS said it intends to use a...

Posted on July 23, 2009 2:13 PM

DOJ halts JBS' acquisition spree (from Corporate Dealmaker)

In a rare decision, the Department of Justice's antitrust division filed suit to block a $560 million merger between the No. 3 beef packer in the U.S. JBS SA and No. 4 National Beef Packing Co. LLC. Interestingly, JBS' acquisition of No. 5 U.S. beef packer Smithfield Beef Group...

Posted on October 21, 2008 9:55 AM

Smithfield's earnings down amid global restructuring (from Corporate Dealmaker)

Smithfield Foods Inc. announced it lost $12.6 million in the first quarter. Increased exports by the pork company to China, Russia, Japan and Europe helped boost sales 19%, to $3.1 billion, but rising feed and energy costs took their toll.

Posted on August 26, 2008 2:39 PM

Dealmakers ask: What's for dinner? (from Corporate Dealmaker)

Beef. That's the answer you'll get from José Batista Jr., a board member at JBS SA. From small beginnings in Brazil, this beef producer has acquired its way to global standing. Having previously noted the wave of cross-border dealmaking in the meat industry, we were glad to learn more...

Posted on August 1, 2008 4:58 PM

The cattle-call of meat-sector deals continues (from Corporate Dealmaker)

Soaring feed costs have sparked a wave of cross-border dealmaking in the meat industry, which has riled some farmers and gotten the attention of federal lawmakers. The latest deals involve the world's largest pork producer, Smithfield Foods. As The Deal's Donna Block reported on Tuesday, to reduce its debt, Smithfield...

Posted on July 2, 2008 10:58 AM