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Industry News & Trends / Business & Markets / Mergers & Acquisitions
on February 7, 2022

Pilgrim’s committee says JBS’ buyout offer isn’t enough

JBS has already upped its offer to purchase remaining shares of Pilgrim’s Pride once, and committee says the revised offer still falls short

A special committee that formed to review JBS’ proposal to purchase the shares of Pilgrim’s Pride Corporation that it does not currently own for the second time says JBS’ proposal is insufficient.

In August, the Brazil-based JBS, which owns a 80.21% stake in Pilgrim’s Pride, offered to buy the remaining

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