Brasil Foods (BRFS3.SA)(BRFS.N) has reached an agreement with Brazilian antitrust regulators to avert a break-up of the world's largest poultry exporter, two sources with direct knowledge of the situation told Reuters on Wednesday. The pact includes a temporary halt in Brasil Foods' use of a flagship brand and asset sales, the sources said. Under the agreement, the company will stop selling some products under the popular Perdigao brand, said one of the sources, who requested anonymity because the negotiations are private. Company officials and the antitrust agency Cade are still discussing parts of the agreement, which could be voted on later Wednesday, a second source told Reuters.
BRF - Brasil Foods S.A. (BRF) is a food company, which focuses on the production and sale of poultry, pork, beef cuts, milk, dairy products and processed food products under several brands. Shares of BRFS remained unchanged at $16.83. In the past year, the shares have traded as low as $12.75 and as high as $20.79. On average, 2432130 shares of BRFS exchange hands on a given day and today's volume is recorded at 140520.
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