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 the shareholders.
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
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