{
  "id": 1813565,
  "title": "JBS proposes to acquire remaining 18% stake in Pilgrim’s Pride",
  "url": "https://urgent.news/2026/08/18/jbs-proposes-to-acquire-remaining-18-stake-in-pilgrims-pride",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-18T22:20:36.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/jbs-proposes-to-acquire-remaining-18-stake-in-pilgrims-pride-93CH-4866206"
  },
  "original_language": "en",
  "account": "Amstelveen, Netherlands - JBS N.V. (NYSE:JBS; B3:JBSS32) has submitted a non-binding proposal to acquire the remaining 18% stake in Pilgrim’s Pride Corporation (NASDAQ:PPC) that it does not currently own, according to a press release. The offer entails JBS Class A common shares valued at 2.086 for each PPC share, based on the recent closing prices of $13.66 for JBS and $28.49 for PPC. Currently, JBS holds around 82% of PPC’s common stock.\n\nApproval from a special committee of independent and impartial directors, who will be appointed by PPC’s board, is necessary. This committee will be assisted by independent legal and financial advisors. The transaction also requires a majority vote from PPC shareholders not affiliated with JBS. However, approval from JBS shareholders is not necessary. Once the acquisition is completed, PPC shares will be delisted from Nasdaq and deregistered.\n\nJBS and PPC have been collaborating for over 16 years, with PPC expanding its operations, enhancing its global presence, and experiencing substantial revenue growth, stated Jeremiah O’Callaghan, Chairman of the JBS Board of Directors. The transaction would maintain PPC stockholders' engagement in PPC’s business performance, integrate it into a larger platform, eliminate separate public company expenses, and grant access to JBS shares, which have a larger market capitalization and attract a broader spectrum of institutional investors than PPC’s existing minority public float. Citi is serving as the financial advisor, while White & Case LLP is acting as the legal advisor for JBS on this transaction.\n\nThe proposal is a non-binding offer, and no definitive agreement has been established. The timing and completion of the transaction remain uncertain until the special committee evaluates the proposal and obtains the required approvals.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}