Pilgrim's is at its worst moment. The Batista want to buy out the minorities
A JBS voltou a ciscar no mesmo terreno: quer (de novo) fechar o capital da Pilgrim’s Pride, a produtora de frango que ela controla nos EUA. Após tentar comprar a participação dos minoritários e ouvir um “não” em 2021, a companhia dos Batista voltou à mesa – desta vez oferecendo cerca de US$ 1,2 bilhão […] The post A Pilgrim’s está em seu pior momento. Os Batista querem comprar os minoritários…
JBS is making a new attempt to take Pilgrim's Pride private, offering around $1.2 billion in shares for the remaining 18% stake it doesn't control. The Brazilian company is offering 2.086 JBS shares for each Pilgrim's Pride share, valuing the US poultry producer at $28.49 per share. The proposal, which still needs approval from Pilgrim's Pride's independent committee and minority shareholders, comes as the company faces pressure on its results, including a nearly 50% drop in EBITDA in the second quarter. JBS has controlled Pilgrim's Pride since 2009, when it bought 64% of the company for $800 million.
Written by urgent.news from Brazil Journal's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
