The recent departure of two out of seven members of the board of Brazil’s antitrust agency CADE (including President Arthur Badin, whose term expired on 6 November) will delay tardy government approval of several high-profile M&A transactions into 2011, notably the pending merger of Brazil’s two processed food giants, Sadia and Perdigao, to create Brasil Foods (BRF) (BRFS:US). Other important deals across a range of industries that will suffer delays...
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