Got this off the Cattle Report on the market section of ranchers.net.
Quite the equity they had there. :roll:
IN THE NEWS -- SWIFT BUYOUT IS ANNOUNCED
Swift Brands was acquired by JBS, SA, to become the world's largest beef company. JBS, a Brazilian company who only recently became a public company, paid $225 million in cash and assumed $1.2 billion of debt. The company will have beef operations in South America, Australia and the United States. The transaction is expected to complete in 45 days.