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1). Pilgrim's Pride (PPC) Offers to Acquire Gold Kist (GKIS)
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 tags: ppc, gkis, pilgrim, pride, gold, kist, investing, chicken, stocks, market, stock