JBS Foods International Archives

Meat packer Pilgrim’s Pride agrees to pay $41 million to settle investors’ lawsuit

By Reuters January 27, 2025

Meat industry giant Pilgrim’s Pride has agreed to pay $41.5 million (C$59.7 million) to settle a securities class action alleging the company artificially boosted its stock price by making false and misleading statements about chicken industry competition.

Markets, Reuters

JBS says US beef division facing challenges, Seara unit improving

Low cattle supply behind weakness in US division; headwinds expected to continue

By Ana Mano, Reuters, GFM Network News March 27, 2024

Brazilian meat-packer JBS expects margins of its Seara processed foods maker in Brazil to reach double digits in the first weeks of 2024, citing operational improvements designed to shore up the unit, executives said today.

General, Livestock, Reuters

New York sues meatpacking giant JBS over climate claims

Attorney general calls company's emissions goals 'infeasible'

By jonathan-stempel, Reuters, GFM Network News February 28, 2024

JBS, the world's largest beef producer, was sued on Wednesday by New York state's attorney general, which accused it of misleading the public about its impact on the environment in order to boost sales.

Livestock, Reuters

JBS still keen on U.S. IPO despite scandals

By Ana Mano, Paula Laier March 29, 2018

Sao Paulo | Reuters — JBS SA, the world’s largest meatpacking firm, remains intent on a stock market listing of subsidiary JBS Foods International in the U.S. despite corruption and food safety scandals, executives said on Thursday. In April all of JBS operations will meet U.S. auditing and compliance requirements under the Sarbanes-Oxley Act, JBS […] Read more

Beef Cattle, Livestock, Reuters

JBS says listing of U.S. unit remains priority

By Reuters December 7, 2017

Sao Paulo | Reuters — Brazilian meatpacker JBS SA said listing a subsidiary in the U.S. remained a priority, even as two controlling shareholders in the company remain in jail for insider trading and their role in a corruption scandal. The long-planned initial public offering of its processed food subsidiary JBS Foods International BV was […] Read more

Beef Cattle, Livestock, Reuters

JBS pulls plan for U.S. unit IPO

By Guillermo Parra-Bernal, Jake Spring October 16, 2017

Sao Paulo/Brasilia | Reuters –– JBS SA has pulled a planned US$500 million U.S. initial public offering of processed food subsidiary JBS Foods International BV, almost six months after a spree of corruption and food safety scandals in Brazil hurt investor demand for the deal. In a Friday filing with the U.S. Securities and Exchange […] Read more

Livestock, Reuters

JBS mulls delaying IPO of international unit

By Tatiana Bautzer May 10, 2017

Sao Paulo | Reuters — JBS SA, the world’s largest meat processor, may postpone the New York listing of a global food processing unit originally expected for the second quarter because of lukewarm investor feedback after a scandal in Brazil, two people with knowledge of the situation said. Executives at Sao Paulo-based JBS were worried […] Read more

Beef Cattle, Livestock, Reuters

JBS weighs suspending U.S. IPO

By Reuters March 27, 2017

Sao Paulo | Reuters — Brazil’s JBS SA, the world’s biggest meatpacking company, will decide in coming days whether to suspend listing its overseas operations after a corruption scandal, newspaper Folha de S. Paulo said Monday. A person involved in the deal told Reuters last week JBS had no intention of delaying the US$1 billion […] Read more

Livestock, Reuters

JBS bondholders consent to global reorganization

By Paul Kilby August 17, 2016

New York | IFR — A sufficient number of JBS bondholders have agreed to amend indentures allowing for a global reorganization of the meatpacker, the company said Wednesday. Under the plan, the company’s global operations and Brazil-based food processor Seara Alimentos will regroup under a new Ireland-based company, JBS Foods International. JBS USA and JBS […] Read more

Livestock, Markets, Reuters

JBS posts large loss, announces reorganization

By Reuters May 12, 2016

Brasilia | Reuters –– Brazilian meat packer JBS posted a much larger-than-expected first-quarter loss on Thursday, but its shares jumped the day after it announced a corporate reorganization to bring together international operations. JBS, the world’s biggest meat packer, lost 2.741 billion reais (C$1.02 billion) on currency hedging costs and poor results on the company’s […] Read more

U.S. grains: Wheat futures rise on supply snags in top-exporter Russia

Trump tariff on Brazilian goods could jack up U.S. burger price

U.S. livestock: Cattle mixed despite fresh supply threats

Daily Network News

U.S. grains: Wheat futures rise on supply snags in top-exporter Russia

Trump tariff on Brazilian goods could jack up U.S. burger price

U.S. livestock: Cattle mixed despite fresh supply threats

Tag Archives JBS Foods International

Meat packer Pilgrim’s Pride agrees to pay $41 million to settle investors’ lawsuit

JBS says US beef division facing challenges, Seara unit improving

New York sues meatpacking giant JBS over climate claims

JBS still keen on U.S. IPO despite scandals

JBS says listing of U.S. unit remains priority

JBS pulls plan for U.S. unit IPO

JBS mulls delaying IPO of international unit

JBS weighs suspending U.S. IPO

JBS bondholders consent to global reorganization

JBS posts large loss, announces reorganization

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