Pilgrim's Pride Agrees to Sell Majority Stake to Brazilian Jbs

Summary


MANAVIGATOR-September 17, 2009-Pilgrim's Pride agrees to sell majority stake to Brazilian JBS (C)2010 M2 COMMUNICATIONS http:// www.m2.com

Texas-based chicken producer Pilgrim's Pride (OTCBB:PGPDQ) said Thursday it has agreed to sell a 64% stake in the company to Brazilian beef producer JBS SA (SAO:JBSS3) for USD800m (EUR543m).

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Pilgrim's Pride Agrees to Sell Majority Stake to Brazilian Jbs

Pilgrim's Pride said it would use...

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