Pilgrim's Pride (PPC) Receives Third Extension of Temporary Covenant Waiver With Lenders - Stock Up 90%
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Pilgrim's Pride Corporation (NYSE: PPC) has reached an agreement with its lenders to extend the temporary waiver under its credit facilities through noon (CT) on December 1, 2008. Pilgrim's Pride continues to pursue opportunities to refinance and recapitalize its business, and to position itself to capitalize on its strategic advantages.
(NOTE - Shares are up $0.49 (+90.74%) in today's session)
Pilgrim's Pride Corporation is the largest chicken company in the United States and Puerto Rico and the second-largest in Mexico.[SM]
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