BRF and Marfrig Global Foods Merge to Form MBRF Global Foods

BRF S.A. and Marfrig Global Foods have completed their merger to form MBRF Global Foods Company, with BRF shareholders receiving Marfrig shares. The merger aims to consolidate operations and enhance market positioning, with expected annual synergies of $141 million. BRF shares have soared over 18% since the approval of the merger.