Key Developments: Industrias Bachoco SAB de CV (IBA)

IBA on New York Consolidated

55.12USD
25 Jul 2014
Price Change (% chg)

$-1.23 (-2.18%)
Prev Close
$56.35
Open
$55.77
Day's High
$56.09
Day's Low
$54.34
Volume
52,657
Avg. Vol
24,627
52-wk High
$57.45
52-wk Low
$37.37

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Latest Key Developments (Source: Significant Developments)

Industrias Bachoco SAB de CV announces cash dividend payment date
Wednesday, 11 Dec 2013 12:30pm EST 

Industrias Bachoco SAB de CV:Says that the cash dividend payment approved by the Board of Directors on Dec. 6 for 1.0 peso per share outstanding or 12.0 pesos per ADR will be paid on Dec. 23.  Full Article

Family trust sells 9.5 pct stake in Industrias Bachoco SAB de CV
Monday, 9 Dec 2013 12:57pm EST 

Industrias Bachoco SAB de CV:Says the family trust , with founder's family as beneficiaries, has sold a 9.5 percent stake in the company through the Mexican Stock Exchange at a market price.Says, as a result, the family trust will hold a 21.25 percent stake in the company.Says the control trust, also with the members of the founding family, did not take part it the aforementioned disposals and its shareholding in the company amounts to 52 percent.  Full Article

Industrias Bachoco SAB de CV announces cash dividend
Friday, 6 Dec 2013 02:30pm EST 

Industrias Bachoco SAB de CV:Says the Board of Directors approved a cash dividend payment.Says the cash dividend payment set by the Board amounts to 1.0 peso per share outstanding or 12.0 pesos (per ADR, to be paid during the month of December.  Full Article

Industrias Bachoco SAB de CV Named Deloitte as its Independent Auditors
Tuesday, 3 Sep 2013 01:15pm EDT 

Industrias Bachoco SAB de CV announced that its Board of Directors, as recommended by the Audit and Corporate Practices Committee, has named Deloitte, member of Deloitte Touche Tohmatsu Limited (DTTL), as the Company's new independent auditors.  Full Article

Fitch Ratings Upgrades Its Long-Term Credit Rating On Industrias Bachoco SAB de CV
Monday, 19 Aug 2013 02:16pm EDT 

Industrias Bachoco SAB de CV announced that Fitch Ratings has upgraded its long-term credit rating on the Company to AA+(mex) from AA(mex) on the national scale. The outlook is stable.  Full Article

Industrias Bachoco SAB de CV Completes Acquisition Of Breeding Farm’s Assets in United States
Tuesday, 9 Jul 2013 05:01pm EDT 

Industrias Bachoco SAB de CV announced that it has reached an agreement to acquire the assets of the breeding farms of Morris Hatchery Inc., located in Arkansas, the United States. This acquisition includes mainly equipment and inventory of birds, and has a capacity of approximately 350,000 breeding birds. The acquisition has an immediate effect.  Full Article

Industrias Bachoco SAB de CV Announces Cash Dividend
Thursday, 25 Apr 2013 02:47pm EDT 

Industrias Bachoco SAB de CV announced that the Board of Directors approved a cash dividend payment for 2013. The cash dividend payment set by the Board amounts to Ps. 0.5840 per share outstanding or Ps.7.008 per ADR (equals to twelve shares). The dividend will be paid in two equal installments of Ps. 0.292 per share equivalent to Ps. 3.504 per ADR on the following dates in 2013: May 16 and July 11.  Full Article

Industrias Bachoco SAB de CV Receives Notification From Comision Federal de Competencia
Wednesday, 14 Nov 2012 11:33am EST 

Industrias Bachoco SAB de CV (Bachoco) announced that in December 2009, the Comision Federal de Competencia (CFC) announced an investigation on the Mexican poultry industry regarding possible monopolistic practices. The Company was included in the investigation and was required to provide information to the CFC. As a result of that investigation, Bachoco recently received a notice from CFC, stating that the Company conspired with other local producers and distributors to fix prices, a practice that is being prohibited in the poultry industry, in the region of Yucatan Peninsula. CFC imposed a fine of approximately USD 110,000 to Bachoco. The Company announced that it disagrees with this statement and proceeds with defense in terms established by the Mexican regulation. Additionally, the Company reports that it has issued a notice to the public today.  Full Article

Industrias Bachoco SAB de CV Announces Issuance of Bonds
Wednesday, 29 Aug 2012 06:35pm EDT 

Industrias Bachoco SAB de CV announced that it has issued bonds in a total amount of MXN 1,500 million. The bonds have an interbank equilibrium interest rate (TIIE) of +0.60% and are due to mature in 2017.  Full Article

HR Ratings de Mexico SA de CV Assigns Its Long-Term Corporate Credit Ratings on Industrias Bachoco SAB de CV
Friday, 24 Aug 2012 12:24pm EDT 

HR Ratings de Mexico SA de CV announced that it has assigned its long-term corporate credit ratings on Industrias Bachoco SAB de CV of AA+. The outlook is stable.  Full Article

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