UPDATE 2-Brazil's BRF board given leeway as shareholder rift subsides [Reuters]
BRF S.A. (BRFS)
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Source: Reuters
UPDATE 2-Brazil's BRF board given leeway as shareholder rift subsides | Reuters Reuters Staff 3 Min Read (Recasts throughout to add Previ, Petros comments and quotes) By Ana Mano SAO PAULO, April 27 (Reuters) - The top shareholders of BRF SA said on Friday they will give the food company’s new board leeway to kick off a turnaround after two years of net losses partially caused by a food safety scandal and mismanagement of feed inventory. Pension funds Previ and Petros, which own a combined 22 percent of the food processor, also said completion of the board overhaul this week ended a long boardroom battle waged by shareholders with dissenting views on how to rescue the company from its self-inflicted problems. Previ and Petros reaffirmed they are long-term investors and plan to give BRF’s new board independence to diagnose problems and propose solutions. “It is not up to us to devise a new strategy for the company,” Walter Mendes, head of Petros, told journalists on Friday, one day aft
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BRFS
News
- BRF filed its Annual Report on Form 20-FPR Newswire
- Is BRF (BRFS) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- 22nd Century, Coffee Holding among Consumer Staples movers [Seeking Alpha]Seeking Alpha
- Brf S.A. (NYSE: BRFS) was upgraded by analysts at The Goldman Sachs Group, Inc. from a "sell" rating to a "neutral" rating. They now have a $3.10 price target on the stock, up previously from $1.90.MarketBeat
- Brf S.A. (NYSE: BRFS) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating.MarketBeat
BRFS
Sec Filings
- 4/19/24 - Form 20-F
- 4/19/24 - Form 6-K
- 4/19/24 - Form 6-K
- BRFS's page on the SEC website