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JBS Swift to buy National Beef for cash, stock

Tue Mar 4, 2008 6:33pm EST

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CHICAGO, March 4 (Reuters) - U.S Premium Beef LLC said on Tuesday it had entered into a deal to sell National Beef Packing Co. LLC, the fourth largest U.S. beef processor, to JBS Swift & Co (JBSS3.SA) , the Brazilian-owned beef and pork company in the United States.

Stocks  |  Mergers & Acquisitions

U.S. Premium Beef said JBS Swift will pay members of National Beef about $465 million cash and $95 million in JBS common stock.

(Reporting by K.T. Arasu; Editing by David Gregorio)



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