Shareholders in Brasil Foods (BRF), formerly Perdigao, and Sadia approved plans to merge the two groups at a special shareholders meeting.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Under the merger agreement, after Perdigao has changed its name to BRF, Sadia’s majority shareholders – 92% of shareholders who vote as a block – will create a new holding company, HFF. Shares in HFF will then be converted into BRF shares at a “control premium” ratio of 1 to 0.166247.
The remaining 8% of Sadia’s preferred free-float shareholders would be offered BRF shares at 80% of the control premium value.
Current Perdigao shareholders will control 68% of the new entity and Sadia will operate as a 100% owned subsidiary of BRF.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
