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Reading: JBS Drops Deal to Buy Rest of Pilgrim’s Pride
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The Wall Street Publication > Blog > Business > JBS Drops Deal to Buy Rest of Pilgrim’s Pride
Business

JBS Drops Deal to Buy Rest of Pilgrim’s Pride

Editorial Board Published February 18, 2022
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JBS Drops Deal to Buy Rest of Pilgrim’s Pride
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Brazilian meatpacking giant JBS SA said it scrapped plans to buy the rest of Pilgrim’s Pride Corp. in a deal that had valued the U.S. chicken processor at about $7 billion.

JBS, which already owns about 80% of Pilgrim’s, said in a securities filing on Thursday that it was unable to reach an agreement with the Colorado-based company over the terms of the deal.

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