JBS Wraps Up Vigor Exchange

JBS has finalized the 1-for-1 swap of its shares for those of Vigor Alimentos, it says, getting 118m shares, less than the 149.7m it had targeted in the spinoff. The operation was worth about BRL939.3m ($456m), and done at BRL7.96 per share. Bradesco advised JBS in the process. JBS shares closed at BRL6.05 Thursday.