# JBS acquisition proposal for Pilgrim's Pride

> Live situation record from CLSTR: https://clstr.news/situations/jbs-acquisition-proposal-for-pilgrims-pride
> Updated: 2026-08-18T22:24:53.000Z. Sources: 9. Developments: 2.

Pilgrim’s Pride Corporation experienced a significant financial downturn in its second quarter, reporting a 96% plunge in net profit to $13.2 million. This decline was attributed to a more than 25% year-over-year drop in commodity chicken prices, despite steady consumer demand. In response to market conditions, the company noted ongoing investments in Georgia to diversify into value-added poultry products.

Following these financial results, JBS, the Brazilian meatpacking company that already holds an 82% stake in Pilgrim’s Pride, submitted a non-binding proposal to acquire the remaining 18% of the company. The proposed all-stock transaction would value the minority stake at approximately $1.2 billion. Under the terms of the proposal, Pilgrim’s Pride shareholders would receive 2.086 JBS Class A shares for each share held, based on closing prices from August 18.

JBS stated the acquisition aims to simplify its corporate structure, reduce costs associated with maintaining a public subsidiary, and improve capital allocation. If successful, the deal would take Pilgrim’s Pride private and remove its listing from the Nasdaq. The proposal requires approval from a special committee of independent directors at Pilgrim’s Pride and a majority of non-affiliated shareholders.

## Timeline

### 2026-08-18: JBS proposes $1.2 billion buyout of Pilgrim’s Pride

JBS has proposed an all-stock deal to acquire the remaining 18% of Pilgrim’s Pride, seeking to take the U.S. poultry producer private in a transaction valued at approximately $1.2 billion.

9 sources. https://clstr.news/cluster/jbs-proposes-full-acquisition-of-pilgrims-pride

### 2026-08-04: Pilgrim's Pride reports 96% profit plunge as chicken prices tumble

Pilgrim's Pride posted a 96% profit drop to $13.2 M in Q2, revenue down 2.8% to $4.6 B, as chicken prices fell 25% despite steady demand; CEO Fabio Sandri cites ongoing $475 M Georgia investments.

2 sources. https://clstr.news/cluster/pilgrims-pride-reports-96-profit-plunge-as-chicken-prices-tumble

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Cite as: JBS acquisition proposal for Pilgrim's Pride. CLSTR, https://clstr.news/situations/jbs-acquisition-proposal-for-pilgrims-pride