Brazilian food processor Brasil Foods has priced its previously-announced global offering of 115,000,000 of common shares.
The company, formerly known as Perdigao, has priced the offering at BRL$40 per common share and US$42.01 per ADS.
The move consists of an international offering of 12,313,800 common shares, including common shares in the form of American depositary shares (ADS).
In May, Perdigao and fellow Brazilian food firm Sadia announced to the market that it had struck a deal to create a company that would be the world’s largest poultry producer.
Under the agreement, Perdigao changed its name to Brasil Foods. The deal has yet to be ratified by Brazil’s competition watchdog although it has won EU clearance.