Business
JBS Proposes to Acquire Remaining Pilgrim’s Pride Stock
JBS submitted a proposal to Pilgrim’s Pride PPC 9.79%increase; up pointing triangle to acquire the rest of the poultry producer’s shares it does not already own.
The world’s largest meatpacker, which currently owns about 82% of Pilgrim’s Pride’s common stock, said Tuesday the proposal would give shareholders exposure to a larger and more diversified global business.
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