Update from Special Committee of Pilgrim’s Pride
The Special Committee of the Board of Directors of Pilgrim’s Pride Corporation today provided an update to the full Board of Directors of Pilgrim's Pride on the status of discussions with JBS S.A. regarding JBS's unsolicited proposal to acquire all of the outstanding shares of common stock of Pilgrim's Pride that JBS does not currently own for $26.50 per share in cash, which was previously announced on August 13, 2021.
The Special Committee has carefully and thoroughly reviewed the proposal from JBS in consultation with its financial and legal advisors...
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