JBS submits non-binding proposal to acquire remaining stake in Pilgrim's Pride

PPC Pilgrim's Pride Corp

$27.89 -0.36%

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1. 1JBS has submitted a non-binding proposal to acquire the remaining stake in its US subsidiary Pilgrim's Pride (PPC)
2. 2Valued at $28.49 per share via an exchange of 2.086 JBS Class A shares per share; Nasdaq delisting if completed
3. 3JBS USA holds approximately 82%; renewed push comes four years after the withdrawal of a 2021 attempt at a full takeover

Source The Wall Street Journal +1 · View original ↗

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