Shares of Brazil's JBS rise after deal to buy Tyson units
SAO PAULO, July 28 (Reuters) - Shares of JBS SA, the world's largest meat producer, rose 3 percent in Sao Paulo trading on Monday after it announced it would buy Tyson Foods Inc's Mexican and Brazilian poultry businesses for $575 million.
JBS said in a statement it expected annual revenues of US$350 million for its JBS Foods division as a result of purchasing Tyson's three processing plants in Brazil. (Reporting by Caroline Stauffer; Editing by Jeffrey Benkoe)
© Thomson Reuters 2016 All rights reserved.