PITTSBURG, Texas AP - Poultry producer Pilgrim's Pride Corp. said Thursday about 88.9 percent of rival Gold Kist Inc. shares have been tendered in its $21 per share buyout offer worth about $1.1 billion.Pilgrim's Pride said it expects the all-cash deal to be completed in early January.The initial offer and withdrawal rights period expired on Wednesday.
December 28, 2006 at 12:00 AM
1 minute read
PITTSBURG, Texas AP – Poultry producer Pilgrim’s Pride Corp. said Thursday about 88.9 percent of rival Gold Kist Inc. shares have been tendered in its $21 per share buyout offer worth about $1.1 billion.
Pilgrim’s Pride said it expects the all-cash deal to be completed in early January.
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