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● TRACKER Updated 27d ago · 7 sources tracked

JBS Proposes to Acquire Remaining Stake in Pilgrim’s Pride

JBS has launched a proposal to acquire all remaining publicly traded shares of Pilgrim's Pride Corporation. The bid seeks full control of the company and would result in the delisting of Pilgrim's Pride from the Nasdaq exchange. Following the announcement, UBS reiterated a buy rating for JBS stock. The proposal marks a move by JBS to transition its existing stake into total ownership of the poultry producer.

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  • ✓ JBS proposed to acquire the remaining publicly traded shares of Pilgrim's Pride Corporation.
  • ✓ The acquisition bid could end the Nasdaq listing for Pilgrim's Pride.
  • ✓ JBS seeks full control of Pilgrim's Pride.
🛡️ Source Corroboration: 7 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

JBS issued a formal proposal to buy out all public shares and delist Pilgrim's Pride.

Live updates

  1. JBS Proposes Acquisition of Remaining Pilgrim's Pride Shares

    JBS has launched a proposal to acquire all remaining publicly traded shares of Pilgrim's Pride Corporation. The bid seeks full control of the company and would result in the delisting of Pilgrim's Pride from the Nasdaq exchange. Following the announcement, UBS reiterated a buy rating for JBS stock. The proposal marks a move by JBS to transition its existing stake into total ownership of the poultry producer.

    Why it matters

    Pilgrim's Pride is currently listed on the Nasdaq under the ticker PPC. This acquisition would remove the company from public markets entirely.

    What is confirmed

    • JBS proposed to acquire the remaining publicly traded shares of Pilgrim's Pride Corporation.
    • The acquisition bid could end the Nasdaq listing for Pilgrim's Pride.
    • JBS seeks full control of Pilgrim's Pride.

    Still unconfirmed

    • UBS reiterated a buy rating for JBS stock in response to the acquisition proposal.

    What to watch next

    • Response from the Pilgrim's Pride board of directors
    • Regulatory approval decisions regarding market concentration
    • Final offer price for the remaining shares
    Sources used for this update (6)
    1. WSJ — JBS Proposes to Acquire Remaining Stake in Pilgrim’s Pride
    2. Stock Titan — JBS bid to buy out Pilgrim's Pride (NASDAQ: PPC) could end its Nasdaq listing
    3. Yahoo Finance Singapore — JBS Announces Proposal to Acquire Remaining Publicly Traded Shares of Pilgrim’s Pride Corporation
    4. Reuters — JBS makes new bid for full control, delisting of Pilgrim's Pride
    5. TradingView — JBS seeks full control of Pilgrim's Pride
    6. Investing.com India — UBS reiterates JBS stock buy rating on PPC acquisition proposal By Investing.com
    confidence 100%
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