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on February 17, 2022

JBS withdraws offer to buy rest of Pilgrim’s Pride

JBS says it was unable to reach an agreement with a special committee formed to evaluate proposed transaction

JBS, a majority shareholder in the Pilgrim’s Pride Corporation (PPC), decided to withdraw its offer to buy the remaining shares of the company.

In a securities filing, JBS stated that it withdrew the offer to acquire all of the outstanding shares of common stock of Pilgrim’s that are not…

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