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Filtering:PPC

JBS Moves to Take Full Control of Pilgrim's Pride in Protein Consolidation Push

Brazilian meat giant proposes acquiring remaining minority shares of its US poultry affiliate, tightening ownership of one of North America's largest chicken processors

JBS has proposed to acquire the outstanding shares in Pilgrim's Pride it does not already own, a move that would consolidate full control of the US poultry processor under the Brazilian protein group and mark another step in JBS's post-listing strategic reorganization.

BREAKING STORYBULLISH

JBS Hands Global CEO Role to Wesley Batista Filho as Shares Slide on Succession Shock

World's largest protein processor names founder-family scion to top job effective January; investors mark the stock lower on governance concentration and continuity risk

JBS shares tumbled after the company announced Wesley Batista Filho will take over as global chief executive from January, a leadership transition that reasserts founding-family control at the top of the world's largest meat processor and prompted an immediate de-rating.

BREAKING STORYBEARISH
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