Pilgrim's Pride Issues Open Letter to Gold Kist Stockholders

US - Pilgrim's Pride Corporation (NYSE: PPC) today issued the following open letter to the stockholders of Gold Kist Inc.
calendar icon 23 October 2006
clock icon 2 minute read

The letter encourages the stockholders to accept Pilgrim’s Pride’s offer to buy all outstanding shares of Gold Kist for $20 per share in cash. The offer expires at midnight, Eastern this Friday, unless extended.

The letter says the Gold Kist board, which has encouraged stockholders to reject the offer, is not managing the process in the stockholders’ best interests.

The letter also accused the Golf Kist board of being uncooperative and delaying efforts to reach an agreement.

To read the full letter, click here

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