End of Period for the Exercise of Withdrawal Rights
SAO PAULO, Sep. 18, 2009 (PRNewswire-FirstCall) -- The management of BRF Brasil Foods S.A. (formerly known as Perdigao S.A., "BRF" - BOVESPA: PRGA3; NYSE: PDA) and Sadia S.A. ("SADIA" - BOVESPA: SDIA3 e SDIA4; NYSE: SDA; LATIBEX: XSDI; and, together with BRF, the "Companies"), hereby announces that on September 18, 2009, the period has expired for the exercise of withdrawal rights regarding SADIA's common shares as a consequence of the shareholder's resolution that approved the merger of SADIA's shares by BRF, according to the 1st paragraph of Article 137 of Law No. 6.404/76 ("Merger of Shares").
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We hereby announce that withdrawal rights regarding SADIA's common shareholders were not exercised during the relevant period.
The approved exchange ratio provides that SADIA's shareholders will receive, in exchange for each common and preferred share, 0.132998 common, book entry, without par value share, issued by BRF.
BRF's shares that are not allocated in whole to each of SADIA's shareholders will be sold on the BM&FBOVESPA S.A. - Bolsa de Valores, Mercadorias e Futuros ("BM&FBOVESPA") in an auction, dividing the proceeds, proportionally, between the owners of fractions of shares. SADIA's shareholders who own positions resulting in fractions and who have already indicated bank accounts for the deposit of dividends will have the proceeds of the sale of such fractions immediately credited to the same bank accounts within 30 (thirty) business days from the receipt of funds arising from the disposal of shares corresponding to these fractions on the BM&F BOVESPA. For those that have not indicated a bank account or have an outdated record, the amount corresponding to the sale shall remain available on the Itau Corretora de Valores S.A., as of the same date, which will make payment upon presentation of the relevant identification or ownership documentation, as the case may be. SADIA's shareholders who own positions resulting in fractions of shares and whose positions are deposited on BM&FBOVESPA shall receive the proceeds from the sale of such shares through their custodial agents.
Considering that the period for the exercise of withdrawal rights has expired, the management of the Companies hereby announces that they will not exercise the rights provided in the 3rd paragraph of Article 137 of Law No. 6.404/76, thereby confirming the Merger of Shares and causing the shareholders' resolutions on the Merger of Shares to take definite effect.
The last trading day of Sadia shares on the Bovespa and Sadia ADSs on the NYSE will be on September 21, 2009.