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Brazil's Marfrig moves closer to BRF offer threshold - source


2 Min Read
SAO PAULO (Reuters) - Brazilian meatpacker Marfrig Global Foods is increasing its stake in food processor BRF SA to up to 30%, a source familiar with the move told Reuters, putting the buyer close to the threshold where it would have to make a public tender for all the company’s outstanding shares.
Marfrig previously owned a 24% stake that it acquired last month and was approaching a 30% holding via open market transactions, the source said.
Financial blog Brazil Journal first reported the move earlier on Wednesday.
Marfrig, which produces beef in the United States, Brazil and Argentina, declined to comment on the transaction. Its shares were up 3.1% on the Sao Paulo stock exchange in early afternoon trading. ....

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Large North American meat plants stop slaughter after JBS cyberattack


4 Min Read
CHICAGO (Reuters) -JBS canceled shifts at large U.S. and Canadian meat plants on Tuesday after the company was hit by a cyberattack over the weekend, threatening to disrupt food supply chains and further inflate food prices.
FILE PHOTO: A general view of the JBS USA Worthington pork plant, as the coronavirus disease (COVID-19) outbreak continues, in Worthington, Minnesota, U.S., October 28, 2020. REUTERS/Bing Guan/File Photo
The attack caused JBS’s Australian operations to shut down on Monday. The company, the world’s largest meatpacker, said it was working to resolve the incident, which has stopped livestock slaughter in JBS plants in several U.S. states. ....

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