JBS is planning to acquire
Pilgrim’s Pride for about $2.5
billion, The Wall Street Journal reports. The beef
major will pay $1.2 billion in secured debt and about $1
billion in unsecured debt, while the remaining will be paid by
deal will help chicken producer Pilgrim’s Pride to
exit bankruptcy. The bankruptcy filing did not include the
company’s operations in Mexico and certain
operations in the U.S., adds RTT News.
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