December 19, 2019
Shares in the Brazilian meat company Marfrig dropped 4.21% on Wednesday after the company said it had priced a follow-on offering on the local stock exchange.
The meat company's shares ended the day at BRL10.25 ($ 2.52) after closing the previous day at BRL10.70. In the offering, Marfrig priced 300 million shares at BRL10 per share, it said in a securities filing.
The company itself pocketed BRL901 million from the sale of 90.1 million shares and increased capital to BRL8.33 billion. BNDESPar, t
Shares in the Brazilian meat company fall more than 4% after it prices an equity offering at a discount