JBS Abandons Bid For Beef Packing Take-Over
Written on:February 21, 2009
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R-CALF USA and the Organization for Competitive Markets (OCM) are pleased with today’s announcement reported by Reuters, Sao Paulo, that Brazilian-owned meatpacker JBS has abandoned its bid to take over National Beef Packing Co. (National Beef), the fourth largest U.S. meatpacker. According to the Reuters article, JBS abandoned the takeover due to a “lack of satisfactory conditions.” R-CALF USA CEO Bill Bullard said this takeover bid was defeated by a…
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