Pilgrim’s to Acquire Tulip Limited, Creating Integrated Prepared Foods Leader in Europe

Pilgrim's Pride Corporation (PPC)
Last pilgrim's pride corporation earnings: 4/29 05:12 pm
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US:NYSE Investor Relations:
ir.pilgrims.com/investor-relations
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Source: GlobeNewswire
£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
- JBS 1Q Net Income BRL5.4B Vs Year Earlier BRL2.2B [MarketWatch]MarketWatch
- Pilgrim's Pride Co. (<a href="https://www.marketbeat.com/stocks/NASDAQ/PPC/price-target/">NASDAQ: PPC</a>) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Pilgrim's Pride Co. (<a href="https://www.marketbeat.com/stocks/NASDAQ/PPC/price-target/">NASDAQ: PPC</a>) was upgraded by analysts at TheStreet from a "c" rating to a "b-" rating.MarketBeat
- Pilgrim’s Pride Reports First Quarter 2022 Results with $4.24 Billion in Net Sales and Operating Income Margin of 9.5%GlobeNewswire
- Pilgrim's Pride Corporation To Host First Quarter 2022 Earnings Call On April 28, 2022 [TheStreet.com]TheStreet.com
PPC
Earnings
- 4/27/22 - Beat
PPC
Sec Filings
- 5/11/22 - Form 4
- 5/11/22 - Form 3
- 5/9/22 - Form 4
- PPC's page on the SEC website