# JBS N.V. (JBS) — merger/definitive [pending]
Source: sec.gov · situation sit_541dab52a720ed10b242 · public 7312122821436208212 · retrieved 2026-08-20T12:39:15.922Z

## Overview
JBS N.V. is a global meat packing and prepared foods company that currently owns approximately 82% of Pilgrim's Pride Corporation.

On August 18, 2026, JBS N.V. submitted a non-binding proposal to acquire all outstanding shares of Pilgrim's Pride Corporation (PPC) common stock not owned by JBS or its affiliates at a fixed exchange ratio of 2.086 JBS Class A common shares per PPC share, based on closing prices of $13.66 (JBS) and $28.49 (PPC) on August 18, 2026. JBS currently owns approximately 82% of PPC's common stock. The proposal is subject to approval by a special committee of independent and disinterested PPC directors and a majority vote of unaffiliated PPC shareholders. Following completion, PPC common stock would be deregistered and no longer quoted on Nasdaq.

## Terms
- Counterparty: Pilgrim's Pride Corporation · Consideration: stock · Stake: 82% · Price/share: $28.49

## Key dates
- Announced 2026-08-19

## Timeline
- 2026-08-19 · 425 (0001213900-26-091375): 425 - JBS N.V. — *JBS N.V. is a global meat packing and prepared foods company that currently owns approximately 82% of Pilgrim's Pride Corporation.* On August 18, 2026, JBS N.V. submitted a non-binding proposal to acquire all outstanding shares of Pilgrim's Pride Corporation (PPC) common stock not owned by JBS or its affiliates at a fixed exchange ratio of 2.086 JBS Class A common shares per PPC share, based on closing prices of $13.66 (JBS) and $28.49 (PPC) on August 18, 2026. JBS currently owns approximately 82% of PPC's common stock. The proposal is subject to approval by a special committee of independent and disinterested PPC directors and a majority vote of unaffiliated PPC shareholders. Following completion, PPC common stock would be deregistered and no longer quoted on Nasdaq.
  https://www.sec.gov/Archives/edgar/data/1791942/0001213900-26-091375.txt

## Citations
- 0001213900-26-091375 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026091375