Pilgrim’s to Acquire Tulip Limited, Creating Integrated Prepared Foods Leader in Europe
Last pilgrims pride corp com earnings: 5/1 04:50 pm
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US:NYSE Investor Relations: ir.pilgrims.com/investor-relations
£290M acquisition increases portfolio diversity across the UK Expands prepared foods portfolio to 21 percent of global sales Company to host conference call today at 9 a.m. ET GREELEY, Colo. and RANDERS, Denmark, Aug. 28, 2019 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (Nasdaq: PPC) (“Pilgrim’s” or the “Company”) today announced that it has signed a contract to acquire Tulip Limited, a leading, integrated prepared foods supplier with 12 fresh and value-added operations in the United Kingdom, from Danish Crown. The transaction solidifies Pilgrim’s as a leading European food company, creating one of the largest integrated prepared foods businesses in the UK with a portfolio of brands and retail private label solutions. The transaction, unanimously approved by Pilgrim’s Board of Directors and funded with cash on hand, values Tulip Limited at £290 million (or approximately $354 million based on a 1.22 exchange rate as of August 27, 2019). The purchase amount represents 5.4x i
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News
- Pilgrim's Pride Co. (NASDAQ: PPC) was downgraded by analysts at BidaskClub from a "strong-buy" rating to a "buy" rating.MarketBeat
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- UPDATE 1-Pilgrim's Pride closes Tulip acquisition, strengthens position in UK pork market [Reuters]Reuters
- Brazil's JBS says Pilgrim's Pride concluded acquisition of Tulip in the UK - filing [Reuters]Reuters
- Pilgrim’s Pride Announces Closure of Tulip Limited AcquisitionGlobeNewswire
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PPC
SEC Filings
- 10/15/19 - Form 8-K
- 9/18/19 - Form 8-K
- 8/28/19 - Form 8-K
- PPC's page on the SEC website
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