Brazilian Stocks: All, Direcional, JBS, Petrobras, Usiminas

The following companies are having unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 9 a.m. New York time. Preferred shares are usually the most-traded class of stock.

The Bovespa stock index was little changed at 69,437.72.

ALL America Latina Logistica SA (ALLL3 BS) rose 2.2 percent to 15.62 reais. The company said its total transported volume rose 28 percent in the fourth quarter from a year earlier. Earnings before interest, taxes, depreciation and amortization jumped 97 percent in the fourth quarter to 240.2 million reais, and rose 22 percent in 2010 to 1.34 billion reais. The results are preliminary, ALL said.

Banco Panamericano SA (BPNM4 BS) gained 3.6 percent to 5.16 reais. Banco Bradesco SA, Banco Santander SA, Banco Safra SA, Banco BTG Pactual SA and a non-Brazilian bank have shown interest in buying Banco Panamericano SA, O Estado de S. Paulo reported, citing people it didn’t identify. Representatives for Bradesco, BTG and Santander declined to comment on market rumors, while Safra couldn’t be reached for comment, according to O Estado. The newspaper didn’t name the non-Brazilian institution.

Direcional Engenharia SA (DIRR3 BS), a Brazilian homebuilder, dropped 1.4 percent to 13.80 reais. The company and its shareholders may raise as much as 528.8 million reais in a sale of as many as 37.8 million new voting shares. The company and its shareholders may raise that amount based on yesterday’s share price of 13.99 reais.

JBS SA (JBSS3 BS) dropped 2.2 percent to 6.84 reais. The world’s biggest beef producer told Sara Lee Corp. that it plans to make a takeover offer of about $21 a share, according to two people with knowledge of the matter.

Petroleo Brasileiro SA (PETR4 BS) jumped 0.9 percent to 27.23 reais. Brazil’s state-run energy producer said it discovered “high quality” oil in deep waters at an offshore field in the Santos Basin.

Refinaria de Petroleos Manguinhos SA (RPMG4 BS) gained 1.6 percent to 64 centavos. The Brazilian refiner signed a contract with Dax Oil Refino SA to buy the equivalent of 288,000 barrels of oil a year from mature wells in the north and northeast of Brazil, according to a regulatory filing.

Usinas Siderurgicas de Minas Gerais SA (USIM5 BS) dropped 1.2 percent to 19.26 reais. Brazil’s second-largest steelmaker faces a “perfect storm” of lower sales, declining prices in the local currency and higher-than-expected costs, Banco Santander SA said in a note to clients.

To contact the reporter on this story: Alexander Ragir in Rio de Janeiro at aragir@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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