JBS Buys More of Pilgrim's Pride

JBS Buys More of Pilgrim's Pride

November 9/Sao Paulo, Brazil/AE Brazil Newswire -- Brazil's JBS S/A acquired an additional 3.27% stake in U.S.-based chicken processor Pilgrim's Pride, for $41.72 million. In a statement, JBS said it bought a total of 7 million shares for Pilgrim Interests, paying $5.96 per share. As a result, JBS's stake in Pilgrim's Pride has increased to 67.27% from 64% previously. JBS acquired control of the Texas chicken company in September last year.

From the November 22, 2010, Prepared Foods E-dition

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