SÃO PAULO, Brazil – JBS S.A. issued a news release on July 28 clarifying to its shareholders and the market that recently published reports in the press regarding acquisitions were “unfounded.” The company is not engaged in any negotiations to merge or acquire another company, JBS insists.

“With reference to the article published by Bloomberg on this day [July 28] under the title "Brazil´s JBS Considers Spinning Off Pilgrim´s Pride to Limit BNDES Stake", this news is completely unfounded,” JBS stated in the release.