JBS Denies Interest in Pilgrim’s Pride

JBS Denies Interest in Pilgrim’s Pride

Corporate & Sovereign Strategy

Brazilian beef company JBS is denying press reports that indicate it is interested in acquiring US-based Pilgrim’s Pride, the poultry producer that filed for Chapter 11 bankruptcy last year. “It’s speculation. We are always looking at opportunities, and we see good opportunities for the future, but there is no deal in process with Pilgrim’s Pride,” says a JBS spokesman Wednesday. The Wall Street Journal reports that JBS will announce as soon as next week the acquisition of Texas-based Pilgrim's

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