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Stock impact report

JBS mulls acquisitions and U.S. listing after strong second quarter, shares soar [Reuters]

JBS S A S/ADR (JBSAY) 
NASDAQ:AMEX Investor Relations: jbss.infoinvest.com.br/?idioma=enu
Company Research Source: Reuters
JBS mulls acquisitions and U.S. listing after strong second quarter, shares soar - Reuters 2 Min Read SAO PAULO (Reuters) - Brazilian meatpacker JBS SA ( JBSS3.SA ) will consider acquisitions to make the most of opportunities in export markets but only in geographies where it already operates to guarantee synergies among existing businesses. In a conference call to comment on second quarter results on Thursday, Chief Executive Gilberto Tomazoni said the company would analyze acquisitions while still maintaining a “financial discipline” after about two years of working to reduce debt and the cost of capital. The company, which operates in four continents, reported strong second quarter results on Wednesday, driven by demand in Asia, a recovery of margins at its Seara processed foods business in Brazil and the strength of its U.S. chicken and pork operations. Shares rose by 10% at the start of the business day. JBS, which generates 25% of revenue from export markets and has a strong f Show less Read more
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