Speculation Hints JBS Bid For Pilgrim’s Pride Corp
09/02/2009 02:23PM
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As reported by Reuters.com, Pilgrim’s Pride spokesman Gary Rhodes will not comment on rumors that JBS is interested in purchasing Pilgrim’s Pride Corp.
Newspaper Valor Economico reported Brazil-based JBS has submitted a bid to purchase Pilgrim’s Pride, which filed for bankruptcy in December 2008. Shares of Pilgrim’s were up 10 cents Wednesday morning. Neither JBS nor Pilgrim’s officials will comment on the story. Valor Economico did not reveal a source.
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Source: Reuters