Brazil's JBS Reboots Plans to List Shares in New York
JBS SA, the world's largest meatpacker, on Wednesday proposed listing its shares in New York, in addition to Sao Paulo, offering a 2.2 billion-reais ($454 million) dividend to coax investors into backing the longstanding plan.
The one-time dividend of 1 real per share is conditional on the dual listing being approved, it said in a filing.
The proposed structure will use a Netherlands-based vehicle called JBS NV and have Class A shares with one voting right and Class B shares with 10 votes, JBS said...
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