JBS N.V. submitted a non-binding proposal to acquire the remaining publicly traded shares of Pilgrim’s Pride Corporation (PPC) not already owned by JBS or its affiliates. JBS currently holds approximately 82% of PPC and proposes an exchange ratio of 2.086 JBS Class A common shares for each PPC share, based on closing prices of $13.66 and $28.49 respectively on August 18, 2026. The transaction requires approval by a special committee of independent PPC directors and a majority vote of unaffiliated PPC shareholders. JBS believes the combination offers benefits including operational synergies and simplified capital allocation. This filing relates to a strategic acquisition proposal in the global protein and prepared foods industry.
