Brazil's JBS SA, the world's largest producer of beef
and pork, said on Friday it filed a request to allow the common
shareholders of dairy company Vigor Alimentos SA to
sell their stock for one JBS common share each plus 1.0812573
centaovs per share.
Vigor was separated from JBS in 2012 and JBS shareholders
were given the right to swap their stock for Vigor stock. The
request, announced in a securities filing, will allow Vigor
shareholders to swap their shares back into JBS stock.
The cash payment represents the difference in dividends paid
by JBS compared with Vigor since June 21, 2012, until the date
of the sale. JBS will also pay interest on the dividends equal
to Brazil's CDI overnight interest rate.
(Editing by Andre Grenon)