Mergers & Acquisitions ·
Pilgrim's Pride forms special committee to review JBS N.V.'s unsolicited acquisition proposal
PPCPilgrims Pride Corp
On October 9, 2026, Pilgrim’s Pride Corporation announced the formation of a special committee of independent and disinterested directors to evaluate an unsolicited proposal from JBS N.V. received on August 18, 2026, to acquire all outstanding shares not currently owned by JBS. The committee has retained Ropes & Gray LLP as legal counsel and Moelis & Company LLC as financial advisor. The board will not approve the transaction without the special committee's favorable recommendation, and any deal requires approval from shareholders who do not hold shares through JBS or its affiliates. There is no assurance that a definitive agreement will be reached or that the transaction will close. Pilgrim’s Pride operates protein processing plants and prepared-foods facilities across multiple countries.