{
  "id": 1827867,
  "title": "JBS proposes to acquire remaining shares in Pilgrim’s Pride",
  "url": "https://urgent.news/2026/08/18/jbs-proposes-to-acquire-remaining-shares-in-pilgrims-pride",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T23:33:22.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/jbs-proposes-to-acquire-remaining-shares-in-pilgrims-pride-93CH-4866239"
  },
  "original_language": "en",
  "account": "JBS SA, a Brazilian meatpacking giant, has announced plans to acquire the remaining shares of Pilgrim’s Pride Corp, which it does not already own. The acquisition offer stands at 2.086 JBS Class A shares for every Pilgrim’s Pride share, based on the closing prices from Tuesday. Each Pilgrim’s Pride share would be valued at $28.49 under this proposal. As of Tuesday, JBS shares were trading at $13.66, while Pilgrim’s Pride shares were at $28.49, both experiencing around a 1% increase in extended trading. Currently, JBS holds about 82% of Pilgrim’s Pride, which boasts a market capitalization of roughly $6.78 billion. The proposed deal necessitates approval from a Pilgrim’s Pride committee of independent directors and minority shareholders. This announcement comes after JBS recently entered into a joint venture agreement with Indonesia’s sovereign wealth fund, Danantara, aimed at protein production investments in various countries. Pilgrim’s Pride has also recently finalized the purchase of Walker’s Deli & Sausage Company for roughly $142 million. This report was produced with AI assistance and subsequently reviewed by a human editor. For additional details, refer to the article's terms and conditions.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "JBS seeks full control of Pilgrim’s Pride",
        "url": "https://urgent.news/2026/08/18/jbs-seeks-full-control-of-pilgrims-pride",
        "published": "2026-08-18T23:30:30.000Z"
      }
    ]
  },
  "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."
}