Pilgrim's Pride forms special committee to review JBS proposal
The board selected Ropes & Gray and Moelis & Company as advisors. No assurance exists regarding a definitive agreement or transaction consummation.
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Poultry and prepared foods producer
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In short: Pilgrim's formed a special committee to review JBS's buyout bid and scheduled its Q3 2026 earnings call.
The board selected Ropes & Gray and Moelis & Company as advisors. No assurance exists regarding a definitive agreement or transaction consummation.
Proceeds will fund general corporate purposes and finance the recent Walkers Deli acquisition.
Subject to CMA approval, the deal expands Pilgrim's footprint in value-added pork categories and integrates Walkers' historic production facilities into its European operations.
The company will close its Tennessee harvesting division, impacting 348 workers, while focusing production on high-value boneless chicken products.
Pilgrim's Pride Corp said on Friday its board has formed a special committee of independent directo...
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