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Wednesday, May 20, 2009
Perdigao takes over Sadia
May 20, 2009 Perdigao takes over Sadia Perdigao SA, Brazil's largest food company, will take over rival Sadia SA in a share-swap transaction that will form the world's biggest poultry processor by market value, overtaking Tyson Foods Inc. o ...
Friday, May 15, 2009
Sadia posts Q1 239 million reais loss
May 15, 2009 Sadia posts Q1 239 million reais loss Sadia, Brazil's largest poultry and pork producer, on Thursday (May 14) reported a net loss of 239.2 million reais (US$114.8 million) for the first quarter, after a net profit of 248.3 mill ...
Thursday, May 14, 2009
Perdigao, Sadia to operate separately for one year amid merger
May 14, 2009 Perdigao, Sadia to operate separately for one year amid merger                                    Perdigão and Sadia will continue to operate separately for one year amid the merging of the two biggest Brazilian meat processors ...
Monday, April 20, 2009
Who laid low Brazil's Sadia: Blame it on Lehman
April 20, 2009 Who laid low Brazil's Sadia: Blame it on Lehman                                      The former chief financial officer of Brazilian food giant Sadia SA (SDA) went from wunderkind to plaintiff in less than a year. But it was ...
Thursday, April 16, 2009
Sadia may sell stocks; holds "weekly" Perdigao talks
April 16, 2009 Sadia may sell stocks; holds "weekly" Perdigao talks     Sadia SA, Brazil's second-largest foodmaker, said it is holding "weekly merger talks" with competitor Perdigao SA and may also sell shares or assets to shore up losses ...
Tuesday, March 31, 2009
Brazil's Sadia considers leaving beef business
March 31, 2009 Brazil's Sadia considers leaving beef business                            Brazilian food company Sadia (SDA) is considering selling its beef business, the company's chief executive told equity analysts Monday (March 30). "We ...
Tuesday, March 31, 2009
Brazil's Sadia sees no problems rolling over debt
March 31, 2009 Brazil's Sadia sees no problems rolling over debt                             Brazilian food company Sadia SA (SDA) will have no problems extending over a billion reals in debt coming due around September, the company's chief ...
Wednesday, March 25, 2009
Brazil's Sadia shares rise on renewed Perdigao merger talk
March 25, 2009 Brazil's Sadia shares rise on renewed Perdigao merger talk                                      Shares in Brazilian meatpacker Sadia jumped in early trade Tuesday (March 24) amid reports that the company and local rival Perdi ...
Saturday, March 21, 2009
Brazil's Sadia and Perdigao considering merger
March 21, 2009 Brazil's Sadia and Perdigao considering merger Sadia and Perdigao, Brazil's largest meat processors, are considering a merger. Perdigao said it held talks with Sadia on a possible association but it came to no agreement. Sadi ...
Thursday, January 29, 2009
Sadia to get bank loan of US$441 million
January 29, 2009 Sadia to get bank loan of US$441 million                   Brazilian poultry producer Sadia may get a bank loan of about BRL1 billion (US$440.6 million), according to newspaper Valor Economico. Sadia is struggling with debt ...
Wednesday, January 21, 2009
Sadia to lay off 350 employees amid financial crisis
January 21, 2009 Sadia to lay off 350 employees amid financial crisis                     Sadia, a leading poultry producer and food company in Brazil, has decided to lay off 350 employees amid the financial crisis after losing heavily on o ...
Wednesday, December 24, 2008
Sadia seeks 20 percent partnership
December 24, 2008 Sadia seeks 20 percent partnership Brazilian meat packer Sadia SA is looking for a business partner to take up 20 percent equity in the company after incurring losses of US$400 million on currency exchanges. Investment los ...
Friday, November 28, 2008
Brazil's Sadia expects 2009 chicken exports to slow
November 28, 2008 Brazil's Sadia expects 2009 chicken exports to slow                            Brazilian meatpacker Sadia SA (SDA) said that chicken exports should slow next year due to the financial crisis, according to a Sadia press off ...
Monday, November 10, 2008
Brazilian processer, Sadia gets sued over currency losses
November 10, 2008 Brazilian processer, Sadia gets sued over currency losses A New York retirement fund has sued Brazilian meat processing giant Sadia S.A. over shareholder losses after the company announced in September it lost about US$350 ...
Friday, October 31, 2008
Sadia posts BRL 777 million loss for Q3
October 31, 2008 Sadia posts BRL 777 million loss for Q3                         Major Brazilian food producer Sadia has posted a third-quarter loss of BRL 777.4 million (US$369.2 million), compared with a profit of BRL 188.4 million (US$89 ...
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