U.S. Justice Department approved Pilgrim’s takeover

by Editor fleischwirtschaft.com
Thursday, October 15, 2009

Brazil's JBS said on Wednesday the U.S. Justice Department has approved the takeover of U.S.-based Pilgrim’s Pride, Reuters reported.

JBS recently agreed to pay $800 million to buy a 64% stake in the Texas chicken company.
As a result of the ruling, JBS now has the right to act in the chicken segment, the company said in a statement.