Brasil Foods gets praise from Barron's

Sun Jul 12, 2009 5:44pm EDT
 
[-] Text [+]

WASHINGTON, July 12 (Reuters) - Brasil Foods, the Brazilian food giant to be formed by Perdigao's (PRGA3.SA) planned takeover of smaller rival Sadia (SDIA4.SA), is a "tantalizing" investment opportunity according to the latest issue of weekly business publication Barron's.

The company was described by Barron's as an investment play on both Brazil's newly energized consumer economy and its role as a major commodities exporter.

Brasil Foods will get about 45 percent of its annual sales from exporting beef, pork and other commodity foods, mostly to Europe, Asia and the Middle East. The rest of its business will be in the hot local market.

The new company should be a powerhouse, rivaling the likes of Smithfield Foods (SFD.N) and Tyson Foods (TSN.N), Barron's said, adding that few observers expect Brazil's antitrust agency to block the deal. (Reporting by Tim Dobbyn; Editing by Phil Berlowitz)

 
Actors Vincent Curatola (L), Steven Van Zandt (C) and Tony Sirico from "The Sopranos" arrive at the 14th annual Screen Actors Guild Awards in Los Angeles January 27, 2008. REUTERS/Mario Anzuoni
Wall St meets "The Sopranos"

Details of an alleged insider trading ring read like the script of a mobster drama, full of coded nicknames, disposable cell phones and paranoia about informants. But in the end, all of the precautions were for naught.  Full Article 

More News

US health changes may boost Walgreen - Barron's
Sunday, 12 Jul 2009 05:18pm EDT 
US pork production seen down 10 pct on Monday
Friday, 10 Jul 2009 12:51pm EDT 
Brazil stocks, currency fall amid global unease
Wednesday, 8 Jul 2009 05:14pm EDT 
Brazil stocks, real down on world recovery unease
Wednesday, 8 Jul 2009 11:59am EDT 
Brazil imposes limits to Perdigao's Sadia takeover
Wednesday, 8 Jul 2009 08:11am EDT 

Featured Broker sponsored link

REUTERS/Chip East
Insider sales not a sell signal this time

Corporate bosses are likely to sell more of their companies' stock through the end of the year, but that does not mean stock prices have reached a peak.  Full Article