Pilgrim's Pride Forms JBS Review Panel
Pilgrim's Pride has formed a special committee of independent directors to evaluate a buyout bid from majority shareholder JBS. The panel appointed legal and financial advisers to assist in reviewing the proposal. The board will not approve any transaction without a favorable recommendation.
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Pilgrim's Pride Corp formed a special committee on Friday to evaluate a buyout offer from majority stakeholder JBS NV-A. The proposed transaction would take the United States poultry producer private.
