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Pilgrim's Pride Issues Open Letter to Gold Kist Stockholders

by 5m Editor
23 October 2006, at 5:20pm

US - Pilgrim's Pride Corporation (NYSE: PPC) today issued the following open letter to the stockholders of Gold Kist Inc.

The letter encourages the stockholders to accept Pilgrim’s Pride’s offer to buy all outstanding shares of Gold Kist for $20 per share in cash. The offer expires at midnight, Eastern this Friday, unless extended.

The letter says the Gold Kist board, which has encouraged stockholders to reject the offer, is not managing the process in the stockholders’ best interests.

The letter also accused the Golf Kist board of being uncooperative and delaying efforts to reach an agreement.

To read the full letter, click here

ThePoultrySite News Desk

5m Editor