Brazil Regulator Again Postpones Shareholder Meeting on Marfrig-BRF
Brazilian securities regulator CVM postponed for the second time a shareholder vote on the takeover of poultry and pork processor BRF by beef processor Marfrig, BRF said in a securities filing on Friday.
CVM last month had already postponed the meeting for 21 days following a request from minority shareholders, but Marfrig and BRF later said the vote was set to resume on July 14.
Shares of BRF and Marfrig were trading down almost 4% each after the filing's release, while Brazil's benchmark stock index Bovespa was down 0.6%...
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