{"id":99648,"date":"2026-08-19T13:26:03","date_gmt":"2026-08-19T16:26:03","guid":{"rendered":"https:\/\/murray.adv.br\/?p=99648"},"modified":"2026-08-19T13:26:03","modified_gmt":"2026-08-19T16:26:03","slug":"jbs-proposes-taking-pilgrims-pride-private","status":"publish","type":"post","link":"https:\/\/murray.adv.br\/en\/jbs-proposes-taking-pilgrims-pride-private\/","title":{"rendered":"JBS proposes taking Pilgrim\u2019s Pride private"},"content":{"rendered":"
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Brazilian company offers 2.086 JBS Class A shares for each Pilgrim\u2019s share<\/strong><\/em><\/h6>\n<\/div>\n<\/div>\n
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Brazilian meat giant JBS said Tuesday (18) that it had submitted a nonbinding offer to the board of directors of Pilgrim\u2019s Pride (PPC), its U.S. subsidiary, to acquire shares held by minority shareholders. The deal would result in the delisting of the chicken producer whose shares trade on the Nasdaq.<\/p>\n<\/div>\n

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Under the proposal, each Pilgrim\u2019s Pride minority shareholder would exchange one common share for 2.086 JBS Class A shares. The exchange ratio is based on the closing prices on Tuesday (18), when JBS shares closed at $13.66 and Pilgrim\u2019s shares at $28.49. JBS owns nearly 82% of Pilgrim\u2019s shares.<\/p>\n<\/div>\n

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Jeremiah O\u2019Callaghan, chairman of JBS\u2019s board of directors, said in a statement that \u201cfor more than 16 years, JBS and PPC have worked together as PPC expanded its operations, strengthened its global presence and significantly grew its revenue.\u201d<\/p>\n<\/div>\n

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\u201cWe believe this proposal offers PPC shareholders the opportunity to continue participating in PPC\u2019s future performance through ownership of JBS shares, with exposure to a larger and more globally diversified business,\u201d he said. O\u2019Callaghan added that JBS\u2019s long-standing relationship with and familiarity with Pilgrim\u2019s Pride\u2019s employees and operations \u201cshould support continuity for employees, customers and business partners throughout the process.\u201d<\/p>\n<\/div>\n

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The company also said the move would simplify its organizational structure and reduce costs associated with PPC\u2019s public listing.<\/p>\n<\/div>\n

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The proposal must be reviewed by a special independent committee of the U.S. company, which is expected to be advised by financial and legal advisers.<\/p>\n<\/div>\n

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Once approved by Pilgrim\u2019s decision-making bodies, the proposal must also receive the approval of a majority of the U.S. company\u2019s shareholders other than JBS. In addition, the transaction will be subject to certain closing conditions. According to the statement, advancing the proposal does not require approval from JBS shareholders.<\/p>\n<\/div>\n

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Once the process is completed, Pilgrim\u2019s shares could cease trading on the Nasdaq.<\/p>\n<\/div>\n

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Citi is serving as JBS\u2019s financial adviser, while law firm White & Case LLP is acting as its legal adviser. Collected Strategies is serving as communications adviser, according to the Brazilian company\u2019s filing.<\/p>\n

By\u00a0Camila Souza Ramos, Globo Rural\u00a0\u2014 S\u00e3o Paulo<\/p>\n

Source: Valor International<\/p>\n

https:\/\/valorinternational.globo.com\/<\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Brazilian company offers 2.086 JBS Class A shares for each Pilgrim\u2019s share       08\/19\/2026\u00a0 Brazilian meat giant JBS said Tuesday (18) that it had submitted a nonbinding offer to the board of directors of Pilgrim\u2019s Pride (PPC), its U.S. subsidiary, to acquire shares held by minority shareholders. The deal would result in the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8106],"tags":[27097],"class_list":["post-99648","post","type-post","status-publish","format-standard","hentry","category-murray-news","tag-jbs-proposes-taking-pilgrims-pride-private"],"yoast_head":"\nJBS proposes taking Pilgrim\u2019s Pride private - Murray Advogados<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/murray.adv.br\/en\/jbs-proposes-taking-pilgrims-pride-private\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JBS proposes taking Pilgrim\u2019s Pride private - Murray Advogados\" \/>\n<meta property=\"og:description\" content=\"Brazilian company offers 2.086 JBS Class A shares for each Pilgrim\u2019s share       08\/19\/2026\u00a0 Brazilian meat giant JBS said Tuesday (18) that it had submitted a nonbinding offer to the board of directors of Pilgrim\u2019s Pride (PPC), its U.S. subsidiary, to acquire shares held by minority shareholders. 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