Marfrig Raises Stake In National Beef

Marfrig agrees to purchase additional interest in National Beef.
Marfrig agrees to purchase additional interest in National Beef.
(Marfrig)

Marfrig is acquiring additional interest in National Beef Packing Company.

Jeffries Financial Group announced it has entered into a definitive agreement to sell its remaining 31% interest in National Beef to Marfrig Global Foods SA. The purchase would raise Marfrig’s stake in National Beef to 81.7%.

Marfrig is set to pay Jefferies Financial Group $860 million. Including dividends relative to this year, Jefferies will receive a total of $970 million. The deal is set to close Nov. 30, 2019.

Following the transaction, other shareholders in National Beef will be USPB, with 15%, BPI at 2.4%, and Tim Klein, 0.8%.

Related stories:

Brazil's Marfrig Acquires National Beef For $969 Million

Marfrig Joins ADM To Produce Fake Meat

 

Latest News

Quantifying the Value of Good Management
Quantifying the Value of Good Management

Historically low current US cowherd inventories and limited evidence of heifer retention indicates the robust markets we currently enjoy should be sustained for at least the next couple of years.

Properly Prepared Beef Remains Safe; Meat Institute Calls For Guidance to Protect Workers at Beef Facilities
Properly Prepared Beef Remains Safe; Meat Institute Calls For Guidance to Protect Workers at Beef Facilities

The Meat Institute said properly prepared beef remains safe to eat and called for USDA and the CDC to provide worker safety guidance specific to beef processors to ensure workers are protected from infection.

 A Message to the Ag Industry about H5N1
A Message to the Ag Industry about H5N1

The livestock industry needs a comprehensive, cohesive plan to address the virus. Producers, their employees and veterinarians need clear answers and support from U.S. agricultural leadership, moving forward.

USDA Now Requiring Mandatory Testing and Reporting of HPAI in Dairy Cattle as New Data Suggests Virus Outbreak is More Widespread
USDA Now Requiring Mandatory Testing and Reporting of HPAI in Dairy Cattle as New Data Suggests Virus Outbreak is More Widespread

USDA is now ordering all dairy cattle must be tested prior to interstate travel as a way to help stop the spread of HPAI H5N1. This comes a day after FDA confirmed virus genetic material was found in retail milk samples.

Lessons Learned After Disaster
Lessons Learned After Disaster

Recently we were reminded of the devasting impacts of Mother Nature during the wildfires that destroyed parts of Oklahoma and Texas. There is a lot to learn from such events so we can be better prepared in the future.

Mistrial Declared in Arizona Rancher’s Murder Trial
Mistrial Declared in Arizona Rancher’s Murder Trial

A lone juror stood between rancher George Kelly and innocent. “It is what it is, and it will be what it will be. Let me go home, okay?”