JBS Proposes Buying Pilgrim's Pride Minority Stake in 2.086-Share Deal

3 articles · Updated · Yahoo Finance · Aug 18

JBS offered to acquire all Pilgrim's Pride shares it does not already own, proposing 2.086 JBS Class A shares for each PPC share in a non-binding transaction.
The Brazilian meat group already controls about 82% of PPC, so the proposal targets the remaining unaffiliated shareholders and still requires approval from an independent special committee and a majority of minority votes.
Based on August 18 closing prices of $13.66 for JBS and $28.49 for PPC, JBS said the combination would let PPC investors keep exposure through JBS stock while gaining access to a larger, more diversified protein business.
JBS also framed the deal as a way to simplify the group structure, cut PPC's standalone public-company costs and improve capital allocation, while preserving continuity for employees, customers and partners.