BRF S.A. Cancels Treasury Shares and Plans NYSE Delisting Amid Marfrig Merger
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BRF S.A. has announced the cancellation of 90,280,787 treasury shares as part of its merger plan with Marfrig Global Foods, resulting in a new capital structure of 1,592,192,459 common shares. The company plans to delist its American Depositary Receipts from the NYSE and suspend SEC reporting obligations, pending merger completion on September 22, 2025. Analysts rate BRFS stock as a Buy with a $4.00 price target, citing strong financial performance and positive sentiment, despite concerns over high debt levels.
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