Brazil's BRF Minority Shareholders Back Marfrig Deal
The majority of minority shareholders of Brazilian poultry and pork processor BRF have approved a proposed tie-up with beefpacker Marfrig, according to a securities filing on Saturday.
The move will create another global food company with origins in Brazil and factories in South America, North America, the Middle East and China.
The filing showed 71.4% of minority shareholders in BRF approved the terms of the deal with Marfrig, not including abstentions.
Shareholders representing 90% of BRF's free float cast their votes, the filing said...
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