Tag: JBS

• Wednesday, June 30th 2010 - 05:21 UTC

  Brazil largest meat processor JBS targeting US top pork producer

  

  Shares of Smithfield Foods Inc., the top U.S. pork producer, jumped as much as 8.3% Tuesday on speculation the company may be a takeover target for Brazil-based meat processor JBS S.A. A report in the Brazilian publication Valor Economico, citing market sources said JBS may seek discussions over an acquisition with Smithfield.