Pilgrim's Pride seeks to lure shares

US - Pilgrim's Pride, already spurned by Gold Kist, urged shareholders of the Atlanta-based poultry producer and processor to tender their shares by Friday.
calendar icon 24 October 2006
clock icon 2 minute read

Gold Kist's board of directors has recommended that shareholders not tender their shares to rival Pilgrim's Pride, which is offering $20 for each of Gold Kist's 51 million shares outstanding.

Gold Kist's board described the $1.02 billion offer as "inadequate" and "not in the best interests" of shareholders.

Source: News Observer

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