63. In a separate article on the same date, Bloomberg reported the fallout from the
Company's announcements:
Sadia SA, Brazil's second-biggest food company, plunged the most in at least 14
years after the company fired its chief financial officer.
Sadia fell 2.42 reals, or 26 percent, to 6.88 reals at 10:43 a.m. in Sao Paulo
trading. It was the biggest drop since at least August 1994. Shares of the
Concordia, Brazil-based company declined 8.1 percent this year through
yesterday.
Sadia said in a statement late yesterday that its board dismissed CFO Adriano
Lima Ferreira after the company posted a loss from currency-related investments.
Welson Teixeira Jr. will replace him, Sadia said.