Key Developments: BRF SA (BRFS.N)
24.30USD
17 May 2013
$-0.19 (-0.78%)
$24.49
$24.51
$24.56
$24.15
287,091
--
--
--
Latest Key Developments (Source: Significant Developments)
BRF Brasil Foods SA Announces Pricing of Senior Bond Offer
BRF Brasil Foods SA announced on May 15, 2013 pricing of the offer of senior bond of 10 years issued abroad in the total amount of USD 500 million and senior bond of 5 years issued abroad in the total amount of BRL 500 million. The senior bonds in USD, with the maturity on May 22, 2023, were issued with a coupon of 3.95% per year and will be paid out semiannually as from November 22, 2013. The senior bonds in BRL, with the maturity on May 22, 2018, were issued with a coupon of 7.75% per year and will be paid out semiannually as from November 22, 2013. Full Article
BRF Brasil Foods SA Sells Assets to JBS SA
BRF Brasil Foods SA (BRF) and JBS SA announced that through its subsidiary, JBS Aves Ltda, on May 7, 2013 they signed a contract for the sale by BRF of Ana Rech RS Industrial Unit, Biological Assets and Property denominated Granja Andre da Rocha, located in Nova Prata, Rio Grande do Sul state, Brazil, to JBS. JBS will pay a total of BRL 200 million, of which BRL 120 million for Ana Rech RS Industrial Unit and Granja Andre da Rocha, and BRL 80 million for the Biological Assets. Payment will be done in 50 monthly and consecutive installments of BRL 4 million. Transaction is subject to approval of CADE, among others. Full Article
BRF Brasil Foods SA Announces Name Change
BRF Brasil Foods SA announced that as from April 11, 2013 it will change its name from BRF Brasil Foods SA to BRF SA. Full Article
BRF Brasil Foods SA Announces Dividend Payment
BRF Brasil Foods SA announced the payment of dividend at BRL 0.05205085 per share to be done on April 30, 2013. Record date is April 19, 2013. Shares will be traded ex-dividends as from April 22, 2013. Full Article
BRF Brasil Foods SA to Deliberate on Complementary Dividend Payment
BRF Brasil Foods SA announced that on Ordinary General Meeting held on April 9, 2013 will deliberate on complementary dividend payment in the amount of BRL 45.3 million to be paid out on April 30, 2013. Full Article
BRF Brasil Foods SA to Propose Chairman
BRF Brasil Foods SA announced that on February 21, 2013 its Board of Directors proposed Mr. Abilio Diniz as a candidate to the function of Chairman of the Board of Directors of the Company which will be voted on April 9, 2013 by the General Ordinary and Extraordinary Meeting. Full Article
BRF Brasil Foods SA's Chairman to Resign
BRF Brasil Foods SA announced that the Chairman of the Company's Board of Directors, Mr. Nildemar Secches shared his decision not to run for a new term and not to postulate for his reappointment as Chairman. He will keep the position till the General Meeting that will be held on April 9, 2013. Full Article
BRF Brasil Foods SA's Subsidiary Acquires 49% Stake in Federal Foods Limited
BRF Brasil Foods SA announced that on October 4, 2012 it signed an agreement for the acquisition through its subsidiary in Austria, for the acquisition of a 49% stake in Federal Foods Limited (Federal Foods), a company headquartered in Abu Dhabi. On January 16, 2012, the Company announced the conclusion of this agreement with the final value of USD 37.1 million. Full Article
BRF Brasil Foods SA Acquires Stake in Empresa Avex SA
BRF Brasil Foods SA announced that it has acquired one third of a stake, held by the minority shareholders, in the share capital of Empresa Avex SA. It has also acquired, through Empresa Avex SA, the remaining participation of Flora Danica SA, Flora San Luis SA and GB Dan SA. The transaction will be completed within 90 days. Full Article
BRF Brasil Foods SA Announces Own Capital Interest Payment
BRF Brasil Foods SA announced that on December 20, 2012 it approved own capital interest at the value of BRL 0.20084501 per share to be paid on February 15, 2013. Shares will be traded ex-interests as of January 2, 2013. Full Article
STXNEWS LATAM-Casino seeks arbitration to force Diniz to resign
French retailer Casino said on Wednesday it will seek arbitration to force the chairman of the board of its Brazilian subsidiary Grupo Pão de Açúcar, Abilio Diniz, to resign due to a conflict of interest after his recent election to chairman of the board of Brasil Foods SA - one of Pão de Açúcar's main suppliers.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
