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Stock impact report

JBS Moves Closer to US Listing After Deal With Key Shareholder [Yahoo! Finance]

Tyson Foods, Inc. (TSN) 
Last tyson foods, inc. earnings: 2/6 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Most Read from Bloomberg ICE Eyes Massive California Tent Facility Amid Space Constraints How Britain's Most Bike-Friendly New Town Got Built The Dark Prophet of Car-Clogged Cities Washington, DC, Region Braces for ‘Devastating' Cuts from Congress Saving the Signature Sound of Washington, DC The equity holding arm of Brazil's state-owned lender BNDES, which owns almost 21% of JBS, will refrain from voting on the plan at the company's upcoming board meeting, clearing the biggest hurdle for JBS's listing, according to a regulatory filing. The deal was reached with J&F Investimentos SA, which controls the world's largest meat producer. The unusual agreement calls for BNDESPar to receive as much as 500 million Brazilian reais ($87.9 million) should JBS's US listing not bring the share appreciation expected, according to the filing. The companies didn't disclose what that strike price is but said it must be achieved in the second half of 2026. JBS has argued its valuation Show less Read more
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