• Most Popular
  • Most Shared

Brazil JBS buys U.S., Australian firms for $1.3 bln

Tue Mar 4, 2008 8:54pm EST

Stocks

   

SAO PAULO, March 4 (Reuters) - Brazil's JBS (JBSS3.SA), the world's biggest beef producer, said on Tuesday it bought two U.S. companies, Smithfield Beef Group (SFD.N) and National Beef Packing Co, as well as Australia's Tasman, for a total of nearly $1.3 billion.

Stocks  |  Mergers & Acquisitions

JBS said in a statement it paid $565 million for Smithfield, $560 million for National Beef Packing Company and $150 million for Tasman as part of "JBS globalization strategy".

Stocks
Mergers & Acquisitions


More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets