Anti-trust officials are currently considering reversing a multi-billion dollar merger that created BRF-Brasil Foods (BRFS) in 2009.
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Food majors like Brasil Foods (BRFS) are hurting because of exports and continually gets re-rated on poor performance.
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Some regulators are calling for part of Brasil Foods to be sold off.
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Last month CADE threatened to undo the 2009 merger that formed Brasil Foods, the leading firm in Brazil's processed-food market.
Tyson-owned Frangobras, purchased in September 2008, could also see some market share growth if Brasil Foods was forced to sell.
Ragazzo gave his vote in the 492nd Ordinary Session of Judgement on June 8, positioning himself against the creation of Brasil Foods.
Brasil Foods sells everything from chicken nuggets to frozen pizza and milk.
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Brasil Foods is back in the mix, but this stock faces some serious headwinds if the anti-trust authorities vote to break up part of the food giant.
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He announced in mid February that he bought shares of Brasil Foods (BRFS) for his clients at Berkshire Hathaway, sending the stock to record highs, Bloomberg reported.
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In fact, earlier this week, Brasil Foods, owners of the Sadia and Perdigao brands, said they would be hiking prices by 5 percent to 10 percent starting immediately.
Brasil Foods ( BRFS) is actually one of best performers, up 4.6 percent over the last 12 months, while defensive utility Cemig ( CIG) is down 32.65 percent.
In fact, if the anti-trust authorities are keen on breaking up part of Brasil Foods, there is no doubt that Carrefour and CBD would be forced to sell off its assets.
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Bloomberg reported unnamed sources probably lawyers saying that Brasil Foods wass prepared to share its distribution network with competitors and sell brands and facilities to win approval from antitrust regulators.
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Among the largest underlying components of MOO, in trading today Potash ( NYSE: POT) is up about 3%, BRF Brasil Foods ( NYSE: BRFS) is up about 1.1%, and Archer Daniels Midland Company ( NYSE: ADM) is higher by about 1.7%.
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Among the largest underlying components of ECON, in trading today Companhia de Bebidas das Americas-AMBEV ( NYSE: ABV) is up about 0.7%, BRF- Brasil Foods S.A. ( NYSE: BRFS) is down about 1.3%, and LATAM Airlines Group SA ( NYSE: LFL) is lower by about 0.5%.
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