BRF And Marfrig Global Foods Complete Approval of Merger to Form MBRF Global Foods Company

BRF S.A. (NYSE:BRFS) is one of the 9 Most Profitable Penny Stocks to Buy Right Now. On September 8, BRF S.A. (NYSE:BRFS) and Marfrig Global Foods S.A. completed the approval of a merger of shares.

The merger agreement initially announced on May 15, 2025, has been finalized, with the closing date set for September 22. This merger will result in BRF shareholders receiving Marfrig shares. The last trading day for BRF shares on B3 will be September 22, 2025. The merger includes a reimbursement for dissident shareholders and a distribution of interest on capital and dividends. The payments are scheduled for late September 2025.

The merger will form MBRF Global Foods Company S.A. to consolidate operations and enhance market positioning. The goal is to become a global protein industry leader, while the merger is expected to deliver approximately $141 million (BRL 805 million) in annual synergies through operational integration and cost optimization.

Since the approval of the merger, BRF S.A. (NYSE:BRFS) shares have soared over 18% as of September 16.

BRF S.A. (NYSE:BRFS) is a multinational Brazilian company that owns a diverse portfolio of products and is a producer of food. The company’s segments include Brazil, Latin America, the Middle East, North America, and other segments.

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Disclosure: None. This article is originally published at Insider Monkey.