SAO PAULO, Aug 2 (Reuters) - The majority of minority
shareholders of Brazilian poultry and pork processor BRF
have approved a proposed tie-up with beefpacker
Marfrig, according to a securities filing on
Saturday.
The move will create another global food company with
origins in Brazil and factories in South America, North America,
the Middle East and China.
The filing showed 71.4% of minority shareholders in BRF
approved the terms of the deal with Marfrig, not including
abstentions.
Shareholders representing 90% of BRF's free float cast their
votes, the filing said.
The results indicate support for the deal's completion ahead
of an extraordinary general shareholders meeting scheduled for
August 5.
In May, Marfrig unveiled a plan to complete its takeover of
BRF, a move that could be followed by the listing of shares of
the combined corporate entity, to be called MBRF, in the United
States.
In public disclosures, Marfrig and BRF said the proposed
deal would involve a share swap whereby BRF shareholders would
receive 0.8521 shares of Marfrig for each BRF share they own.
MBRF will also control Marfrig-owned National Beef, a meat
processor based in the United States.