Brasil Foods SA posted its biggest gain in five months on speculation it will reach an agreement with the Brazilian anti-trust regulator to save the deal that created the company, reports Bloomberg.
We are ready to negotiate," Wilson Mello, vice president for corporate affairs at Brasil Foods, said earlier this week in Brasilia after the Cade postponement was made public. The company "fulfilled everything Cade has requested," he added.
Market experts told Bloomberg that Sadia may be forced to sell some of its other businesses for the deal to be approved.
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