JBS Again Grows Stake in Pilgrim's Pride

JBS Again Grows Stake in Pilgrim's Pride

Brazil M&A US

Brazil’s JBS has spent $107.2m to buy an additional 18.9m shares in US chicken producer Pilgrim’s Pride (PPC). The purchase, which represents an offer of $5.69 per share, increases the meatpacker’s stake in the company to 75.3% from 68%, the company says. JBS’ purchase comes just days after announcing that it raised its stake to 68% from 67.2% during a recent PPC capital increase.  The Brazilian company purchased practically all the remaining shares owned by company founder Lonnie “Bo” Pilg

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