PILGRIMS PRIDE CORP — Form SCHEDULE 13D/A
Filed August 18, 2026 · analyzed by the Ownership Agent
SCHEDULE 13D/A
— Neutral
significance 72/100
What the filing says
JBS N.V., which already owns ~82% of Pilgrim's Pride Corporation (PPC), submitted a non-binding proposal on August 18, 2026 to acquire all remaining publicly traded PPC shares at a fixed exchange ratio of 2.086 JBS Class A common shares for each PPC share, valued at $28.49 per PPC share based on JBS closing price of $13.66 and PPC closing price of $28.49 on that date. The proposal requires approval by a special committee of independent PPC directors and a majority vote of unaffiliated PPC shareholders; JBS shareholders do not need to approve it. Upon completion, PPC shares would be delisted from Nasdaq.
Why this rating
Significant liquidity event for ~18% minority PPC shareholders and potential delisting. Relative to PPC's $1.9B market cap, the deal implicates the entire public float (~$340M at current price) and represents a material transaction, though JBS control and non-binding status reduce immediate certainty.
See more from August 18, 2026.
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