This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Relevant Fact Notice

SAO PAULO, June 30 /PRNewswire/ -- The management of BRF – Brasil Foods S.A. ("BRF" or "Company") (current corporate denomination of Perdigao S.A.) announces that, in accordance with Instrucao CVM n# 358/02 and paragraph n# 4 of article 157 of Law n# 6.404/76 (Corporations Law), the Secretaria de Acompanhamento Economico – SEAE (Secretariat for Economic Monitoring) of the Ministry of Finance has issued, yesterday, the Opinion SEAE - AC 08012.004423/2009-18 ("Opinion"), regarding the corporate restructuring of Sadia S.A. ("Sadia") and Perdigao S.A. ("Perdigao"), which was subject matter of the Relevant Facts previously disclosed on May 19, 2009, in view of the organization of BRF.

The Opinion issued by SEAE recommends that the Conselho Administrativo de Defesa Economica – CADE (Administrative Council for Economic Defense) should approve the transaction with certain restrictions, proposing two alternatives which may or may not be implemented by the Administrative Council for Economic Defense.

It's important to notice that, according to Law n# 8.884/94, the Opinion issued by SEAE does not have a definitive or binding effect, but only supports the administrative decision to be ruled by CADE, which is not bound to the Opinions' terms and conditions.  The full text of the Opinion can be obtained at SEAE's website ( www.seae.fazenda.gov.br) – Portuguese version only.

BRF emphasizes its trust that there are sufficient technical grounds to prove to CADE that the transaction does not constitute an anti-competitive practice, but solely reinforces the competitiveness of Brazil abroad.  In view of the absence of relevant barriers to entry, the intense competition and the development of substantial synergies and efficiencies, BRF is confident that CADE will approve the transaction.

SOURCE Brasil Foods S.A.

Copyright 2009 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%
YHOO $44.52 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs