Smithfield Foods (SFD) Bucks Market Downgrade On Takeover Rumors
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Smithfield Foods Inc. (NYSE: SFD) is picking up interest on earlier takeover reports. Shares are now up 8 percent.
Brazil newspaper Valor Economico that JBS SA may be in talks to acquire meat-producer Smithfield.
The two are now strangers, as JBS already bought Smithfield's Beef Group in 2008.
JBS declined to comment on the rumors, the paper reported.
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Brazil newspaper Valor Economico that JBS SA may be in talks to acquire meat-producer Smithfield.
The two are now strangers, as JBS already bought Smithfield's Beef Group in 2008.
JBS declined to comment on the rumors, the paper reported.
Market Moving News and Intelligence - Free Sign-Up
http://www.streetinsider.com/premium_content.php/a>
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