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1). Pilgrim's Pride (PPC) Offers to Acquire Gold Kist (GKIS) By : Geoff Gannon
Copyright 2006 Geoff Gannon
On Friday, integrated poultry producer Pilgrim’s Pride (PPC) publicized its offer to acquire smaller rival Gold Kist (GKIS) for $20 per share. The offer values Gold Kist at roughly $1.16 billion including the assumption of $144 million in debt. The $20 a share cash offer represented a nearly 55% premium over Friday’s closing price of $12.
Article Related to: ppc, gkis, pilgrim, pride, gold, kist, investing, chicken, stocks, market, stock
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