Huon Aquaculture shareholders voted on Friday in favour of the takeover deal by Brazilian meat giant JBS.
Former critic of the deal and big shareholder Andrew Forrest eventually backed the deal.
The Foreign Investment Review Board has approved JBS’ takeover plans last week.
To read the rest of the story, please go to: Farm Weekly
A federal judge approved a preliminary agreement calling for JBS USA to pay $20 million to consumers who accused the processor of fixing pork prices in a class action lawsuit filed in a federal court in Minnesota. …
Friboi, a JBS company leader in the beef segment in Brazil, has just carried out the first ever importation of Canadian beef into Brazil. The unprecedented move will enable the debut of two new premium brands from JBS Canada in the Brazilian market: Canadian Diamond Black Angus and Canadian Diamond Beef. The new products will be marketed by Friboi to customers in retail and food services. …
New York state Attorney General Letitia James sued beef producer JBS in state court for allegedly misleading the public about a pledge the company made to slash its climate pollution in the coming decade. Prosecutors said JBS continued making deceptive marketing claims even after a consumer watchdog group recommended the company stop advertising because it didn’t have a strategy to achieve its climate target. …
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