JBS’s US Listing Is Taking Longer Than Expected on Voting Rule Change
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JBS SA’s plan to trade its shares in the US is taking longer than initially expected, because of changes on the original proposal, the company said.
The world’s largest meat producer decided to allow holders of American depositary receipts to vote on the transaction and is still addressing questions from US regulators, according to Chief Financial Officer Guilherme Cavalcanti. The company is uncertain when it’s going to get the green light to submit its plan to shareholders, he said.