Brasil Foods Shares Up As Merger Finally Approved

Shares in Brasil Foods surged by over 14% between July 12 and July 14 after the country's antitrust regulator, Cade, ruled that it would allow the merger that created the firm to go ahead. The ruling requires the firm to sell off a significant chunk of its manufacturing capacity and relinquish the use of several key brands. However, the deal is being greeted very positively by investors due to earlier signs that Cade was looking unfavourably on the merger. Brasil Foods now looks in a strong position to increase its revenue and earnings in one of the world's fastest

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