Pilgrim's Pride (PPC) Completes Acquisition of Gold Kist
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Pilgrim's Pride Corporation (NYSE: PPC) announced the completion of its acquisition of Gold Kist Inc. (Nasdaq: GKIS), following its recently completed successful tender offer, which created the world's leading chicken company.
"We are extremely pleased that the final step in our successful acquisition of Gold Kist has now been completed," said Lonnie "Bo" Pilgrim, chairman of Pilgrim's Pride. "We begin 2007 as the preeminent player in the chicken industry, positioned for long-term growth, leadership and value creation for our customers and stockholders."
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