REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2008
Commission File Number 1-15184
SADIA S.A.
(Exact Name as Specified in its Charter)
N/A
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(Translation of Registrant's Name)
Rua Fortunato Ferraz, 659
Vila Anastacio, Sao Paulo, SP
05093-901 Brazil
(Address of principal executive offices) (Zip code)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused the Report to be signed
on its behalf by the undersigned, thereunto duly authorized.
Date: October 31, 2008
SADIA S.A.
By:/s/Welson Teixeira Junior
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Name: Welson Teixeira Junior
Title: Investor Relations Director
MINUTES NO. 153 OF SADIA S.A. BOARD OF DIRECTORS MEETING, A. HELD ON OCTOBER 29, 2008
On the twenty-ninth day of October of the year two thousand and eight, at 08:00 a.m, at its office at Rua Fortunato Ferraz No. 365 – 2nd floor, in São Paulo-SP, the members of Sadia S.A. Board of Directors held a meeting chaired by Mr. Luiz Fernando Furlan, and upon a verification of compliance with the first paragraph or Article 16 of the Bylaws, the meeting was called to order to discuss the following:
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2. INTEREST ON NET EQUITY:-
In view of the Company's results, the Board concluded that payment of interest on net equity relating to the 3rd quarter/2008 was unfeasible and resolved that a notice to this effect be given to BOVESPA and to the market at large.
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4. QUARTERLY RESULTS:-
At a meeting attended by representatives of the independent audit company KPMG, the Control and Investor Relations Director and the Audit Committee, the Board reviewed the Company’s financial statements for the third quarter of the current year and resolved to authorize the disclosure of the Company’s quarterly and Year-To-Date results up to September 30, 2008 to the Brazilian Securities and Exchange Commission-CVM, the Stock Exchanges, the Brazilian Association of Capital Market Analysts-ABAMEC, the Brazilian Association of International Investment Analysts-APIMEC and the market at large.
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There being no further business, the meeting was adjourned to prepare these minutes, which were then signed by all Board members present.
São Paulo-SP, October 29, 2008
/s/ Luiz Fernando Furlan (Chairman); Cássio Casseb Lima, Diva Helena Furlan, Everaldo Nigro Santos, Francisco Silverio Morales Céspede, Luiza Helena Trajano Inácio Rodrigues, Norberto Fatio, Roberto Faldini, Vicente Falconi Campos.
I certify that this is a faithful copy of Minutes No. 153, transcribed from the Book of Minutes No. 5 of Sadia S.A. Board of Directors.
José Nestor Conceição Hopf
Secretary