Pilgrim's Pride Corp., Greeley, Colo., announced plans to make a proposal to acquire The Hillshire Brands Co., Chicago, for $45 per share in cash, in a transaction valued at $6.4 billion.
Pilgrim's Pride Corp., a Greeley, Colo.-based unit of JBS Corp., announced several operational changes to improve efficiencies as part of its goal to generate approximately $200 million in savings in 2014.
Pilgrim's Pride Corp., Greeley, Colo., announced a $25 million investment, which includes the construction of a new feed mill facility in Pinckard, Ala., and a $10 million renovation of the company's poultry processing facility in Enterprise, Ala.