JBS proposes to buy remaining Pilgrim's Pride shares
JBS, which holds 82% of Pilgrim’s Pride, proposes to acquire the remaining publicly traded PPC shares, subject to approval by a special committee and unaffiliated holders.
PPC +7% JBS - last night: JBS (82% holder) Announces Proposal to Acquire Remaining Publicly Traded Shares of Pilgrim’s Pride Corporation -Subject to Approval of Independent and Disinterested Special Committee of PPC Board of Directors and Votes Cast by Holders of the Majority of Unaffiliated PPC Shares