Marfrig Global Foods S.A. (BOVESPA:MRFG3) said five companies have qualified to participate in a second phase of bidding for Keystone Foods LLC, lifting its shares 10%. In a securities filing on May 23, 2018, Marfrig said the potential bidders will gain access to the dataroom and visit Keystone plants in the United States and Asia. Binding proposals are expected in June 2018, the filing said.

Marfrig shares were up around 10% at BRL 8.70, the highest level in about five years. Tyson Foods, Inc., Cargill, Incorporated and Fosun International Limited (SEHK:656) are among companies interested in Keystone, one person with direct knowledge of the matter told Reuters in May 2018.