---
title: "BRF S.A. Cancels Treasury Shares and Plans NYSE Delisting Amid Marfrig Merger"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/258068522.md"
description: "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."
datetime: "2025-09-19T10:33:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/258068522.md)
  - [en](https://longbridge.com/en/news/258068522.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258068522.md)
---

# BRF S.A. Cancels Treasury Shares and Plans NYSE Delisting Amid Marfrig Merger

An update from BRF SA ( (BRFS) ) is now available.

On September 18, 2025, BRF S.A. announced the cancellation of 90,280,787 treasury shares, acquired through previous share buyback programs, without reducing its share capital. This decision, part of the merger plan with Marfrig Global Foods S.A., results in a new capital structure of 1,592,192,459 common shares. Additionally, BRF’s Board of Directors approved plans to convert its registration from a category ‘A’ to a category ‘B’ issuer with the Brazilian Securities and Exchange Commission, delist its American Depositary Receipts from the NYSE, and suspend its reporting obligations to the SEC, contingent on the merger’s completion scheduled for September 22, 2025.

The most recent analyst rating on (BRFS) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on BRF SA stock, see the BRFS Stock Forecast page.

**Spark’s Take on BRFS Stock**

According to Spark, TipRanks’ AI Analyst, BRFS is a Outperform.

BRF SA’s overall stock score reflects its strong financial performance and positive earnings call sentiment. The company’s effective leverage management and robust cash flow generation are significant strengths. While technical analysis and valuation are moderately positive, the high debt levels remain a concern. The optimistic guidance and strategic initiatives further enhance the stock’s attractiveness.

To see Spark’s full report on BRFS stock, click here.

**More about BRF SA**

BRF S.A. is a publicly traded Brazilian company operating in the food industry, primarily focused on the production and sale of meat products. The company is headquartered in São Paulo, Brazil, and engages in various market activities, including mergers and acquisitions.

**Average Trading Volume:** 2,974,071

**Technical Sentiment Signal:** Buy

**Current Market Cap:** $6.93B

### Related Stocks

- [BRFS.US](https://longbridge.com/en/quote/BRFS.US.md)

## Related News & Research

- [Telecom Stocks: What SpaceX IPO Filing Revealed About Starlink's Big Ambitions](https://longbridge.com/en/news/287245743.md)
- [FACTBOX-IPO-bound SpaceX's board is stacked with Musk empire loyalists](https://longbridge.com/en/news/287206089.md)
- [INSTANT VIEW-SpaceX files long awaited IPO, creating a fresh AI play](https://longbridge.com/en/news/287124128.md)
- [ANALYSIS-Why SpaceX's mega IPO may not signal a broader rebound in listings](https://longbridge.com/en/news/287215490.md)
- [GRAPHIC-Major takeaways from Magnificent Seven's AI-fueled earnings](https://longbridge.com/en/news/287224928.md)