InvestorsHub Logo
Followers 601
Posts 18010
Boards Moderated 1
Alias Born 12/23/2008

Re: mu12450 post# 881

Wednesday, 12/09/2009 4:50:59 PM

Wednesday, December 09, 2009 4:50:59 PM

Post# of 1157
http://www.lasvegassun.com/news/2009/dec/09/court-to-ok-pilgrims-pride-reorganization/

Atkinson said the company continues to expect to emerge from bankruptcy later this month.

In September, Brazilian beef company JBS said it would buy a majority stake in Pilgrim's Pride for $800 million in a transaction that would include paying off Pilgrim's Pride's creditors in full and distributing new shares to current holders.

That's unusual for a company in bankruptcy protection because typically creditors aren't repaid. The entire deal is valued at $2.8 billion, and it and another announced last month would make JBS the world's biggest meat maker

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent PPC News