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US: Washington clears JBS, Pilgrim's Pride deal.

Publication: just-food.com
Publication Date: 17-OCT-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Byline: just-food.com

Brazilian meat giant JBS's takeover of Pilgrim's Pride has been approved by the US Department of Justice.

Last month, Pilgrim's Pride struck a deal to sell 64% of its business to JBS for US$800m in cash. Proceeds will be used to repay Pilgrim's Pride debt. The US...



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