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Perdigao Acquisition of Eleva

by 5m Editor
31 December 2007, at 12:14pm

BRAZIL - Brazilian poultry producing and processing giant, Perdigao, has delayed its acqusition of Eleva Alimentos S.A.

In an offical announcement to the market Perdigao said that they have agreed to postpone the settlement date of the final acquisition of 23,170,156 shares, the issue of Eleva, to 2 January 2008.

The cost of the shares is about R$ 598.9 million (reais).

The original agreement had been set out and announced to the market on 30 October this year.

Originally the date set for the completeion of the acquisition was 21 December, however, Weng Wei Chang, the CFO of Perdigao and Claudio Santos, the CFO of Eleva, announced the delay to the acquisition on 26 December.

5m Editor