Last Bite: JBS Launches Bid for Last 18% of Pilgrim’s Pride Shares
JBS has launched a bid to acquire the remaining 18% of Pilgrim’s Pride shares, offering 2.086 JBS Class A shares per PPC share. JBS already owns 82.1% of Pilgrim’s Pride. Analysts estimate the offer at $28.50 per share, similar to a rejected 2021 bid. JBS aims to simplify the structure and reduce costs. If successful, PPC shares would be deregistered, ending public trading.




