Thursday, May 10, 2007

UPDATE 1-Brazil's JBS-Friboi confirms bid for Swift & Co.

(Reuters) - JBS-Friboi, which launched its shares on the local market in April, said in a statement it could offer no further information about the negotiations, the value or the terms of the bid.

Market estimates put the bid at around $1.5 billion, but JBS-Friboi had no comment.


Read more at Reuters.com Mergers News

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