JBS makes bid to fully acquire Pilgrim's Pride - NewsBreak

SÃO PAULO, BRAZIL – Officials with JBS SA announced on Aug. 12, the approval by its board of directors a proposal to acquire the remaining ownership shares of its poultry and pork subsidiary, Pilgrim's Pride Corp. The Brazilian company's subsidiary, JBS USA, currently has an 80.21% ownership stake in Pilgrim's, and JBS offered $26.50 per share with the intent of delisting it on the NASDAQ as a publicly held company based in the United States.