JBS of Brazil Agrees to Buy Swift for $1.4 Billion, People Familiar Say

(Bloomberg) -- JBS SA, Latin America's biggest meat
producer, agreed to buy Swift & Co., the third-largest U.S. beef
and pork producer, for $1.4 billion, people familiar with the
matter said.

JBS, the Sao Paulo-based owner of Brazil's Friboi meat
brand, will acquire all of Swift's assets in the U.S. and
Australia, the people said. The transaction may be announced
today, they said.


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