July 02, 2015 | Reuters
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JBS to Purchase U.S. Cargill Pork

The $1.45 billion deal would make JBS one of the largest and most powerful meat companies in the U.S.

JBS to Purchase U.S. Cargill Pork

JBS SA, the world's largest meat packer, is buying Cargill Inc's U.S. pork business for $1.45 billion, free of debt, it said in a statement on Wednesday, a deal that would make it one of the largest and most powerful meat companies in the United States.

The bid by the company's JBS USA subsidiary comes just over a week after Brazil-based JBS (JBSS3.SA) said it would buy Moy Park Ltd, the British unit of rival Marfrig Global Foods SA (MRFG3.SA) and marks the latest sign of consolidation in the U.S. protein sector.

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