Sadia's Shares Jump On Takeover Speculation

Shares in Brazilian meat processor Sadia leapt on November 26 2008, after the firm was rumoured to be in negotiations to sell all or part of the business. Sadia needs to shore up its balance sheet after posting a huge loss in third quarter due to disastrous currency hedges, and reports in the local press suggest that the firm is in sale talks with food giant Nestlé or a private equity business.

To read the full article, please choose one of the following options: