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Brazil's Marfrig acquires control of National Beef in $969 million deal

from Reuters

Brazil's Marfrig Global Foods SA has acquired a controlling stake in U.S. beef processor National Beef Packing Company LLC for $969 million, the company said in a statement. Marfrig has purchased 51 percent of National Beef Packing Company shares, in a transaction valuing the target at $2.3 billion including debt, Marfrig said. more

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