Market News / Story
Pilgrim's Pride forms special committee to advise on JBS proposal
Seeking Alpha ·
Seeking Alpha reports: Pilgrim's Pride said its board formed a special committee of independent and disinterested directors to review and evaluate the previously announced unsolicited proposal from JBS in August. The special committee has selected Ropes & Gray LLP as legal counsel and Moelis & Company LLC as financial advisor to assist the special committee in its review and evaluation of the JBS proposal, according to a statement on Friday. The PPC won't approve the transaction proposed by…