SUZBY - Suzano's Merger With Fibria: From Paper To Reality
Approved in Brazil
Suzano (OTCPK:SUZBY), Brazil’s leading pulp & paper company, announced on Thursday October 11 that CADE, Brazil’s antitrust agency, approved without restrictions its merger with Fibria (FBR). This is a cash and stock deal worth R$36 bn (~US$11 bn) that could potentially create Brazil’s biggest agribusiness company. The announcement was made at night during aftermarket hours on the eve of Nossa Senhora Aparecida holiday in Brazil. On Friday, with Brazil’s stock exchange closed, the companies’ ADRs were traded at the NYSE (Suzano (OTCPK:SUZBY) +1.43%; Fibria (FBR