JBS proposes to buy all Pilgrim’s shares, delist it in US
Already the owner of more than 80% of Pilgrim’s Pride shares, JBS says becoming full owner would simplify its corporate structure
JBS, the majority stakeholder of Pilgrim’s Pride Corporation, has offered to purchase all remaining shares of the company for a price of US$26.50 per share.
Brazil-based JBS announced its offer in a material fact published on the JBS Investor Relations webpage.
According to the Material Fact, if the offer…