Smithfield to JBS SA!

[GLA]

JBS Agrees to Acquire Smithfield Beef Unit, Australia's Tasman
2008-03-04 18:39 (New York)

By Carlos Caminada and Heloiza Canassa
March 4 (Bloomberg) -- JBS SA, the world's biggest beef
producer, said it agreed to buy the beef unit of Smithfield
Foods Inc. and the Tasman Group. of Australia.
JBS agreed to pay for $565 million for Smithfield Beef
Group Inc. and A$160 million ($148 million) for Tasman,
according to a filing posted on the Brazilian stock regulator's
Web site.

--Editors: Steve Stroth, Kevin Orland.

 

[Red Robin]

I'd say this is another interesting shift in the beef business. Not a good one in my opinion.

 

[Sandhusker]

I'd say this is another interesting shift in the beef business. Not a good one in my opinion.

You're right. The question is how we are going to react or not react.