Pilgrim’s Pride Announces Early Tender Results and Receipt of Requisite Consents

Pilgrim’s Pride Corporation announced the early tender results in connection with its previously announced offer to purchase for cash (the “Tender Offer”) any and all of the $1.0 billion aggregate principal amount of its 5.750% Senior Notes due 2025 (the “Notes”).

Pilgrim’s Pride Will Expand Cold Spring Plant

Pilgrim’s Pride is expanding its Cold Spring, Minn. plant in a move expected to increase jobs and give central Minnesota farmers a larger market for their chickens.

Pilgrim’s Pride Strikes Plea Deal Over U.S. Chicken Price-Fixing Charges

October 14, 2020 Reuters

U.S. poultry company Pilgrim’s Pride Corp said on Wednesday it will pay a $ 110.5 million fine after striking a plea deal with the Justice Department over price-fixing charges on chicken products.

Second Pilgrim’s Pride ex-CEO Embroiled in Federal Price-fixing Investigation

Federal prosecutors indicted a second ex-CEO of Pilgrim’s Pride and five others from the poultry industry with criminal charges alleging they conspired to fix prices for wholesale chicken over several years.