Cargill is interested in American Pilgrim''s, owned by JBS

The food company Cargill is studying the acquisition of Pilgrim''s Pride, the largest processor of chicken, the JBS. The asset has already been the subject of dispute with the brazilian company, which ended up taking the business in 2009, for $ $2.8 billion, with the help of a financing of $ $2 billion of the Banco Nacional de Desenvolvimento Econômico e Social (BNDES). Whereas the trading price on the New York Stock Exchange, the Pilgrims is worth about $ $6 billion currently.
To confer
An effective approach, however, might take. First, you must understand how the United States Department of Justice (DOJ, the acronym in English) will be positioned in relation to the JBS''s corruption case, which can be questioned by u.s. shareholders
Partners
Cargill and JBS have done business recently. In 2015, through the Swift Pork Company, the brazilian company paid $ $1.45 billion for the operation of Cargill''s u.s. pigs. On occasion, the Bailey brothers '' company said the acquisition was in complete synergy with Pilgrim''s Pride.
Other side
JBS clarifies that the company Pilgrim''s Pride is not for sale and that officially announced, on 20 June, your program of divestitures, including the sale of the stake to 19.2% in the Existing Food company s.a., the Moy Park and business of Irish Five Rivers in the United States and in Canada. Cargill said it does not comment on market rumors.