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Marfrig Global Foods SA (MRFG3.SA)

MRFG3.SA on Sao Paulo Stock Exchange

6.10BRL
20 Mar 2019
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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

UPDATE 1-No U.S.-Brazil beef deal ready for Bolsonaro visit next week -sources

BRASILIA, March 14 The United States and Brazil will not be able to reach a deal on allowing fresh Brazilian beef imports in time for President Jair Bolsonaro's official visit to Washington next week, two people with knowledge of the matter told Reuters on Thursday.