Update: JBS and National Beef merger fails

by Editor fleischwirtschaft.com
Monday, February 23, 2009

Brazilian meat company JBS has given up on plans to acquire US-based National Beef Packing, a deal it had been working on since March.

JBS broke off talks with the Justice Department on the merger of their two companies, according to media reports. Thus JBS-Swift & Co. and National Beef are moving forward as independent companies.