JBS

JBS submitted a non-binding proposal to acquire the remaining Pilgrim's Pride shares, offering 2.086 JBS Class A shares per Pilgrim's Pride share, valuing the deal at $28.49 per share. If completed the transaction would delist Pilgrim's Pride from Nasdaq and simplify group structure by removing standalone public-company costs, allowing more flexible capital allocation. The proposal, which follows a withdrawn 2021 approach and comes while JBS owns about 82% of Pilgrim's Pride, is subject to review by a special committee and approval by unaffiliated Pilgrim's Pride shareholders and customary closing conditions. » More on finance.yahoo.com

JBS is offering 2.086 Class A common shares for each Pilgrim’s Pride share and values them based on closing prices at $28.49. JBS already holds roughly 82% of Pilgrim’s Pride, which has a market capitalization of about $6.78 billion. The transaction requires review and approval by a committee of independent directors and by the minority shareholders. Both stocks rose about 1% in after-hours trading; the announcement follows JBS’s recent agreement with the Indonesian sovereign fund Danantara on a joint venture in protein production. » More on de.investing.com

JBS recorded a record net revenue of $24 billion and positive free cash flow of $130 million in Q2 2026, but missed analysts' expectations for adjusted earnings of $0.20 per share versus an expected $0.34. After special items the company reported a net loss of $102 million; adjusted EBITDA was $1.143 billion (IFRS). Net leverage is 3.1x, management targets $2 billion in Capex for 2026 and is counting on border reopenings, expansion in Southeast Asia and brand investments to improve margins. » More on de.investing.com