Perdigao SA acquires Sadia SA (pending)
Perdigao SA (Perdigao) agreed to acquire the remaining 80.81% interest, or 125.93 ordinary and 426 mil preferred shares, which it did not already own, in Sadia SA (Sadia), a Concordia- based producer and wholesaler of meat products, in a stock swap transaction valued BRL 2. 665 bil (USD 1.304 bil). Perdigao offered 0.132998 common shares per Sadia share held. Based on Perdigaos closing stock price of BRL 36. 3 (USD 17.752) on May 19, the last full trading day prior to the announcement of terms, each Sadia share was valued at BRL 4.828 (USD 2.361). Concurrently, Perdigao agreed to acquire a 19.19% stake, or 131.07 mil ordinary shares in Sadia, from HFF Participacoes SA.
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