financetom
Business
financetom
/
Business
/
Brazil regulator again postpones shareholder meeting on Marfrig-BRF
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Brazil regulator again postpones shareholder meeting on Marfrig-BRF
Jul 11, 2025 10:57 AM

SAO PAULO (Reuters) -Brazilian securities regulator CVM postponed for the second time a shareholder vote on the takeover of poultry and pork processor BRF by beef processor Marfrig, BRF said in a securities filing on Friday.

CVM last month had already postponed the meeting for 21 days following a request from minority shareholders, but Marfrig and BRF later said the vote was set to resume on July 14.

Shares of BRF and Marfrig were trading down almost 4% each after the filing's release, while Brazil's benchmark stock index Bovespa was down 0.6%.

According to the filing, the regulator received and analyzed new requests to postpone the meeting.

Local newspaper O Globo had reported earlier in the day that the postponement was due to BRF's failure to present the necessary information for shareholders to make an informed decision on the case.

CVM has requested the disclosure of additional information provided to the independent committees of the companies, and has granted the new postponement requests for a 21-day period as from their disclosure, the filing said.

The new date for the meeting will be released by BRF, it added.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Brazil regulator again postpones shareholder meeting on Marfrig-BRF
Brazil regulator again postpones shareholder meeting on Marfrig-BRF
Jul 11, 2025
SAO PAULO (Reuters) -Brazilian securities regulator CVM postponed for the second time a shareholder vote on the takeover of poultry and pork processor BRF by beef processor Marfrig, BRF said in a securities filing on Friday. CVM last month had already postponed the meeting for 21 days following a request from minority shareholders, but Marfrig and BRF later said the...
Hive Digital Shares Gain on Hashrate and Revenue Update
Hive Digital Shares Gain on Hashrate and Revenue Update
Jul 11, 2025
Hive Digital Technologies ( HIVE ) shares are trading higher after the company provided updates on its hashrate and run rate revenue. What To Know: Hive announced it has surpassed 12 exahash per second (EH/s) of global Bitcoin mining hashrate, doubling from 6 EH/s at the start of the year. The company also exceeded a $250 million annualized run rate...
Robinhood Crypto Under Investigation in Florida for Alleged False Advertising
Robinhood Crypto Under Investigation in Florida for Alleged False Advertising
Jul 11, 2025
01:37 PM EDT, 07/11/2025 (MT Newswires) -- Robinhood Markets' ( HOOD ) cryptocurrency unit is facing an investigation launched by Florida Attorney General James Uthmeier for alleged false promotion of its crypto platform as the least expensive way to buy crypto, the office of the attorney general said Thursday. Uthmeier also issued a subpoena to uncover internal documents, the AG's...
Copyright 2023-2026 - www.financetom.com All Rights Reserved