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| Name | Symbol | Market | Type |
|---|---|---|---|
| JBS SA (QX) | USOTC:JBSAY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.2628 | -2.22% | 11.5572 | 11.38 | 11.64 | 11.65 | 11.40 | 11.65 | 24,974 | 20:54:53 |
From Jun 2021 to Jun 2024
By Denny Jacob
Pilgrim's Pride Corp. shares fell nearly 15% to $23.78 after Brazilian meatpacking giant JBS SA said it scrapped plans to buy the rest of the U.S. chicken processor.
JBS, which already owns about 80% of Pilgrim's, said in a securities filing Thursday that it was unable to reach an agreement with the Colorado-based company. Pilgrim's rejected two offers, one at $26.50 a share and another at $28.50 a share, saying the board believed the purchase price didn't fully value the company.
Stephens & Co. raised Pilgrim's to overweight from equal-weight and announced a price target of $35 a share.
Shares of Pilgrim's Pride closed at $27.83 Thursday and are up 24% over the last 12 months.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 18, 2022 13:05 ET (18:05 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year JBS (QX) Chart |
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