$PPC (PILGRIMS PRIDE) — 8-K: JBS proposes acquiring remaining Pilgrim's Pride at 2.086 JBS shares per PPC share

JBS N.V. submitted a non-binding proposal to acquire all Pilgrim's Pride shares it does not already own for a fixed exchange ratio of 2.086 JBS Class A common shares per PPC share. Based on August 18, 2026 closing prices of $13.66 for JBS and $28.49 for PPC, the proposal values each PPC share at approximately $28.49. JBS stated the proposal is not subject to due diligence, does not require JBS shareholder approval, and would require approval by a special committee of independent PPC directors and a majority of the votes cast by PPC shares not owned by JBS or its affiliates.

JBS N.V. submitted a non-binding proposal to acquire all Pilgrim's Pride shares it does not already own for a fixed exchange ratio of 2.086 JBS Class A common shares per PPC share. Based on August 18, 2026 closing prices of $13.66 for JBS and $28.49 for PPC, the proposal values each PPC share at approximately $28.49. JBS stated the proposal is not subject to due diligence, does not require JBS shareholder approval, and would require approval by a special committee of independent PPC directors and a majority of the votes cast by PPC shares not owned by JBS or its affiliates.