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Swift sold
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Brandon SWIA
Posted 5/29/2007 07:48 (#155723)
Subject: Swift sold


Message From Sam Rovit



STRATEGIC AND FINANCIAL REVIEW NOW COMPLETE



BRAZIL’S J&F TO ACQUIRE SWIFT & COMPANY TO CREATE WORLD’S NUMBER ONE BEEF PROCESSOR





Our strategic and financial review announced on January 22nd is now complete.



Swift’s owners – HM Capital and Booth Creek Management – have signed a definitive agreement to sell Swift to J&F Participacoes of Brazil (J&F owns 77% of JBS – Latin America’s largest beef processor).



This strategic combination of two industry leaders with no market overlap will result in the creation of the world’s number one beef processor.



The transaction is expected to close in mid-July and is subject to antitrust reviews and customary closing conditions.



We will share additional information at a special Standup meeting on Tuesday, May 29th at 8:30 a.m. Mountain Daylight Time. Please plan on attending either live or via phone (call information will be forthcoming from the Corporate Communications Department).



Sam Rovit

President and Chief Executive Officer

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