---
schema_version: "secwatch.filing_event.v1"
accession: "0000802481-26-000056"
form_type: "8-K"
ticker: "PPC"
cik: "0000802481"
company_name: "PILGRIMS PRIDE CORP"
filed_at: "2026-08-20T12:25:25+00:00"
generated_at: "2026-08-20T12:30:13.878898+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Majority owner JBS proposes stock-for-stock acquisition of Pilgrim's Pride

## Summary
- JBS N.V. proposes to acquire all PPC shares it doesn't own at 2.086 JBS Class A shares per PPC share.
- Implied value based on Aug 18, 2026 closes (JBS $13.66, PPC $28.49) is ~$28.50 per PPC share.
- Board will form special committee; JBS requires its approval and majority of minority shares voted.
- Proposal is non-binding, subject to definitive documentation; JBS says no due diligence needed.
- JBS will not back alternative sale/merger of PPC and won't vote for any other transaction.

## SEC filing metadata
- accession: 0000802481-26-000056
- form_type: 8-K
- ticker: PPC
- cik: 0000802481
- company_name: PILGRIMS PRIDE CORP
- filed_at: 2026-08-20T12:25:25+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/802481/000080248126000056/0000802481-26-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/802481/000080248126000056/ppc-20260818.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000802481-26-000056
- JSON: https://secwatch.observer/filing/0000802481-26-000056.json
- Plain text: https://secwatch.observer/filing/0000802481-26-000056.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.