Pilgrim’s Pride Forms Special Committee and Selects Advisors to Review JBS N.V. Proposal
Globe Newswire•09/10/2026•08:30 ET
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Key Highlights
- ➤PPC forms independent special committee to review JBS’s unsolicited acquisition proposal
- ➤PPC selects Ropes & Gray as legal counsel for proposal evaluation
- ➤PPC appoints Moelis as financial advisor to the special committee
- ➤JBS proposal requires approval from unaffiliated PPC shareholders if recommended
- ➤No assurance exists that PPC will sign an agreement or complete the transaction
GREELEY, Colo., Oct. 09, 2026 (GLOBE NEWSWIRE) -- The board of directors of Pilgrim’s Pride Corporation (NASDAQ: PPC) (“PPC”) has formed a special committee of independent and disinterested directors to review and evaluate the previously announced unsolicited proposal received on August 18, 2026, from JBS N.V. (NYSE: JBS, B3:JBSS32) (“JBS”) to acquire all of the outstanding shares of common stock of PPC that JBS does not currently own.
The special committee has selected Ropes & Gray LLP as legal counsel and Moelis & Company LLC as financial advisor to assist the special committee in its review and evaluation of the JBS proposal.
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