Replies to post #881 on Pilgrim''s Pride Corp (PPC)

[detearing]

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