Deals
Beef or Chicken? Pilgrim’s Pride Weighs Its Next Move: Real M&A
A statue of Pilgrim's Pride founder Bo Pilgrim is displayed outside distribution center near Pittsburg, Texas.
Photographer: LM Otero/AP PhotoThis article is for subscribers only.
Pilgrim’s Pride Corp. may be ready to strike a big deal, and it has the means to do it.
The U.S. chicken supplier controlled by Brazilian giant JBS SA could be due for its biggest acquisition yet, after dropping out of last year’s bidding war for sausage maker Hillshire Brands Co. The right transaction could help the company branch out as investors speculate the poultry market is hitting its peak, said BB&T Corp.’s Brett Hundley.