Business briefs

MILWAUKEE.Chicken producer Pilgrim's Pride Corp. confirmed Tuesday that Brazilian beef producer JBS SA will buy a majority stake in the ...

MILWAUKEE.Chicken producer Pilgrim's Pride Corp. confirmed Tuesday that Brazilian beef producer JBS SA will buy a majority stake in the company for $800 million in a deal that will let Pilgrim's Pride emerge from bankruptcy protection. The deal includes paying off Pilgrim's Pride's rs in full and also a distribution of new stock to current shareholders. Existing shareholders will receive shares totaling 36 percent of the company, worth $450 million.

WASHINGTON. Sen. Max Baucus brought out the much-awaited Finance Committee version of an American health-system remake — a landmark $856 billion, 10-year measure that starts a rough ride through Congress without visible Republican backing.

ROSEAU. Digicel, the largest mobile operator in the Caribbean, has completed the acquisition of Orange Dominica, the wholly owned subsidiary of France Telecom. Digicel said it has made a significant investment in expanding the network capacities.

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