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Archive - Mar 22, 2009 - Archive

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  • warning: Parameter 2 to ad_flash_adapi() expected to be a reference, value given in /var/www/vhosts/rustonleader.com/httpdocs/includes/module.inc on line 497.
Date

Foster Farms buys out Pilgrim's Pride

A release from Pilgrim’s Pride said the transaction is subject to the parties entering into a purchase agreement, as well as the expiration or termination of the waiting period under the Hart-Scott Rodino Improvements Act and approval by the U.S. Bankruptcy Court.
Pilgrim’s Pride expects the transaction will be completed within 30 days from signing the purchase agreement.
“What a relief,” Pilgrim’s Pride grower and Lincoln Parish Police Juror Mike Franklin said. “I feel a whole lot better.
“There’s going to be a lot of chicken farmers in North Louisiana sleeping better tonight.”

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