Poultry merger Archives - Just Food
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Poultry merger

US: Pilgrim’s agrees Gold Kist merger

US: Pilgrim’s agrees Gold Kist merger

Chicken producer Pilgrim's Pride Corporation has entered into a definitive merger agreement to acquire the outstanding shares of rival poultry firm Gold Kist's common stock for US$1.1bn.

US: Gold Kist income plummets in difficult market

US: Gold Kist income plummets in difficult market

Reporting its results for the fourth quarter, Gold Kist revealed that its profits took a nosedive, dropping from US$25m, or $0.49 per share last year, to $3.2m, or £0.06 per share, this year due to increasingly hostile market conditions.

US: Gold Kist rejects Pilgrim’s offer

Gold Kist has rejected "as inadequete" a hostile takeover bid by US poultry producing rival Pilgrim's Pride. Pilgrim's offer of US$20 per share for Gold Kist was deemed too low…