Pilgrim's Pride Forms Committee to Evaluate JBS Acquisition Bid

Pilgrim's Pride Corporation formed a special committee of independent and disinterested directors to evaluate an unsolicited proposal from JBS N.V. to acquire all outstanding shares of the company not currently owned by JBS.

JBS N.V. originally submitted the proposal on August 18, 2026. To facilitate the review process, the special committee appointed Moelis & Company LLC as its financial advisor and Ropes & Gray LLP as legal counsel.

The board of directors stated it will not approve the transaction without a favorable recommendation from the special committee. Any potential deal will also require the affirmative vote of a majority of shareholders who are not affiliated with JBS.