Brazilian meat processor JBS has been given the green light by the Foreign Investment Review Board for its $425 million takeover bid for salmon farmer Huon Aquaculture.
The approval comes just four days before Huon shareholders are scheduled to vote at a scheme meeting on Friday on the $3.85 per share offer for the Tasmanian group.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
