Pilgrim's Pride and Gold Kist enter into a definitive merger agreement under which Pilgrim's Pride will acquire all of the outstanding shares of Gold Kist common stock for $21 per share in cash.Pilgrim's Pride Pilgrim's Pride Corp. NYSE: PPC, headquartered in Pittsburg, Texas, is the largest chicken producer in the United States and Puerto Rico and the second-largest chicken producer in Mexico. They employ approximately 56,000 people with sales of $5. and Gold Kist Gold Kist NASDAQ: GKIS is a large chicken producing company in the United States south. It was founded in 1933 by D.W. Brooks, a University of Georgia agronomy instructor as the Cotton Producers Association enter into a definitive merger agreement under which Pilgrim's Pride will acquire all of the outstanding shares of Gold Kist common stock for $21 per share in cash. The transaction has a total equity value of approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. $1.1 billion, plus the assumption of approximately $144 million of Gold Kist's debt. Together, Pilgrim's Pride and Gold Kist will create the world's leading chicken company in terms of production and the third-largest U.S. meat protein company by revenues. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion