date:Jul 15, 2019
Brazilian firms BRF and Marfrig Global Foods have reportedly called off possible merger talks, which have been ongoing since last month.
The two companies stated in securities filings that they have formally ended talks as they could not agree on the governance structure of the potentially merged company.
Key stakeholders, including the founding family members of BRF, Fontana and Furlan, as well as pension funds such as Previ and Petros, opposed the proposed merger.
They were against the merg