JBS S.A.
JBS S.A. (BM&FBovespa: JBSS3, OTCQX: JBSAY, "JBS" or "Company"), communicates to its shareholders and to the market in general, pursuant to CVM Instruction 358 of January 3, 2002, as amended, that its indirect controlled subsidiary, JBS Australia Pty Limited ("JBS Australia"), has made a conditional offer to acquire a majority stake in the share capital of Scott Technology Limited (NZE: SCT or "Scott"), a New Zealand-based listed technology company with operations throughout the world.
The investment proposal from JBS to Scott shareholders is to acquire a minimum of 50.1% of shares at an offer price of NZ$1.39 per share, representing an equivalent market capitalization of NZ$63million, approximately US$42 million.
Scott is an innovative New Zealand based company with capability and proprietary manufacturing and production technology servicing key international customers across a range of sectors including meat and food processing. In the food and meat sectors, Scott is the proven global leader in robotic and x-ray manufacturing technology.
JBS has an existing business relationship with Scott and is considered a key customer. Many of Scott's current technology developments have been undertaken in conjunction with JBS in Australia and globally.
The transaction remains subject to New Zealand regulatory approvals. JBS management will keep the market informed regarding the development of this transaction.
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