8/102 sources · 2 publishersUpdated Oct 16, 12:39 UTC
Pilgrim’s Pride committee reviews unsolicited JBS bid
Pilgrim’s Pride has established a special committee to assess JBS’s unsolicited proposal for the shares of the meat processor that JBS does not already hold. JBS owns 82% of Pilgrim’s Pride and made a $28.50-per-share proposal in 2022 that Pilgrim’s Pride rejected.
Why it matters
The committee review begins a formal assessment of the offer but does not determine whether a transaction will occur. Pilgrim’s Pride shareholders may receive further details on the proposal or the committee’s recommendation.
Key facts
- 1Pilgrim’s Pride formed a special committee to assess JBS’s unsolicited proposal for the company’s remaining shares. greeleytribune.com
- 2JBS owns 82% of Pilgrim’s Pride. 1310kfka.com
- 3Pilgrim’s Pride rejected a $28.50-per-share JBS proposal in 2022. 1310kfka.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.