Marfrig and BRF have announced a merger that will create the third-largest global protein company, following JBS and Tyson. The deal involves Marfrig acquiring the remaining 47% of BRF through a stock swap. The combined entity is expected to generate revenue of approximately R$152 billion. Following the announcement, Marfrig's shares surged over 18% to reach a record high, marking its strongest performance in five years, while BRF's shares declined. The companies plan to hold a shareholders' meeting, likely on June 18, to deliberate on the merger. This strategic move aims to strengthen their global presence and position them as a more formidable competitor in the global food supply market.