JBS offers to buy remaining Pilgrim’s Pride shares in all-stock deal at 2.086 exchange ratio

JBS proposed acquiring Pilgrim’s Pride shares it does not already own, offering 2.086 JBS Class A shares per Pilgrim’s Pride share.

The offer implies $28.49 per Pilgrim’s Pride share, based on Aug. 18, 2026 closes of $13.66 for JBS and $28.49 for Pilgrim’s Pride.

JBS holds about 82% of Pilgrim’s Pride common stock; the deal would take Pilgrim’s Pride private and end its Nasdaq listing.

Completion hinges on a Pilgrim’s Pride independent special committee review and a majority vote of shares not owned by JBS affiliates.

Citi is advising JBS financially; White & Case is legal counsel.