JBS Offers to Buy Remaining Stake in Pilgrim’s Pride; PPC Premarket Pops
Pilgrim’s Pride shares rose sharply in premarket trade after majority owner JBS submitted a non-binding proposal to acquire the roughly 18% interest it does not yet own. The proposal rests on a fixed exchange ratio tied to the August 18, 2026 closing prices of both companies and must clear a special committee and a vote of non-affiliated PPC shareh…