Pilgrim’s to Acquire Tulip Limited, Creating Integrated Prepared Foods Leader in Europe
Last pilgrims pride corp com earnings: 4/29 05:12 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, JPMorgan fall; Adobe, Smith & Wesson rise [ABC News]ABC News
- Pilgrim's Pride to buy U.K. and Ireland's Kerry's prepared meals business [MarketWatch]MarketWatch
- Kerry Group to sell consumer foods meat and meals business to Pilgrim's Pride [Financial Post (Toronto, Ontario, Canada)]Financial Post
- UPDATE 1-Kerry Group to sell consumer foods meat and meals business to Pilgrim's Pride [Reuters]Reuters
- Kerry Group to sell consumer foods meat and meals business to Pilgrim's Pride [Financial Post (Toronto, Ontario, Canada)]Financial Post
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PPC
SEC Filings
- 6/21/21 - Form 8-K
- 6/11/21 - Form 3
- 6/2/21 - Form 8-K
- PPC's page on the SEC website
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