Pilgrim's Pride Forms Special Committee to Assess JBS Proposal

MT newswire2026/10/09 13:13

09:13 AM EDT, 10/09/2026 (MT Newswires) -- Pilgrim's Pride (PPC) said Friday it has formed a special committee of independent directors to assess JBS' (JBS) proposal to acquire all outstanding shares it does not currently own. In its proposal sent in August, JBS offered 2.086 JBS class A shares for each share of Pilgrim's Pride it does not currently own. Pilgrim's Pride said there is no assurance that a deal would be signed with JBS or that any transaction would be completed. Pilgrim's Pride and JBS shares were up 1% and 1.1% respectively in premarket activity Friday.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

Trader Gu Jingci: November 9 Bitcoin/Ethereum Trading Strategy and Market Analysis

AiCoin•2026/11/09 05:35

Dow Jones Top Energy Headlines at 12 AM ET: Oil Futures Slide As Market Holds Out Hopes for Middle East Diplomacy | Energy ...

Dow Jones•2026/11/09 05:00

United States Dollar Index remains subdued as lower oil prices ease inflation pressure

FXStreet•2026/11/09 04:54

Citi is bullish on the Indian stock market, expecting the Nifty Index to rise to 28,000 points by the end of 2027.

路透社•2026/11/09 04:06