Small Business Resources, Business Advice and Forms from AllBusiness.com

Poultry processor Gold Kist Inc. said it rejected Pilgrim's Pride Corp.'s hostile takeover bid...

Publication: Food & Drink Weekly
Date: Tuesday, March 13 2007

Poultry processor Gold Kist Inc. said it rejected Pilgrim's Pride Corp.'s hostile takeover bid of about $1 billion and filed a lawsuit to stop the rival poultry producer from trying to elect its own officers to Gold Kist's board of directors. According to Gold Kist, its board decided Pilgrim's

Pride's $20 per share offer was inadequate and not in the best interest of its shareholders. The company had previously said it was studying the offer, which was first announced in August; but late last month, Pilgrim's Pride said it would launch a hostile bid when Gold Kist had declined to make a deal. Gold Kist said it is actively exploring strategic alternatives that could lead to better offers.

In addition, make sure to read these articles:

  • Gold Kist Lawsuit Against Pilgrim's Pride Corporation's Board Nominees Unaffected by Early...
    • ATLANTA -- Gold Kist Inc. (NASDAQ:GKIS) responded today to Pilgrim's Pride Corporation's (NYSE:PPC) announcement regarding the early termination of the waiting period under the Hart-Scott-Rodino ......
  • Poultry processor Pilgrim's Pride Corp. last week extended its hostile takeover offer to...
    • Poultry processor Pilgrim's Pride Corp. last week extended its hostile takeover offer to buy all outstanding shares of rival poultry producer Gold Kist Inc., for ......
  • Pilgrim's Pride Corp., the country's second-largest chicken processor, launched an...
    • Pilgrim's Pride Corp., the country's second-largest chicken processor, launched an unsolicited takeover offer of $1 billion, for Gold Kist Inc., the nation's third-biggest chicken company....
  • Innovations improve broiler quality.
    • Innovative processing methods tested by the broiler industry have achieved significant reductions in microorganisms found on raw chicken. The extensive study also provided substantial evidence ......
  • Chilled and natural
    • Gold Kist, Inc. has come out with the premium Nature Select line of chicken products in response to the natural food sales boom in supermarkets.
  • IBP, Inc.
    • The world's leading meat and poultry processors -- IBP, Inc., Excel Corp., Smithfield Foods, Inc., Tyson Foods, Inc., Gold Kist, Inc., and Farmland National Beef ......
  • Gold Kist.
    • The Gold Kist Board of Directors elected William T. "Bill" Andersen to the position of vice president sales and marketing. He will be responsible for ......
  • Gold Kist to Present At Stephens 2006 Consumer Conference.
    • ATLANTA -- Gold Kist Inc. (NASDAQ: GKIS) today announced that it will participate in the Stephens 2006 Consumer Conference, which takes place March 13-14 ......
  • Gold Kist to Present at JPMorgan Small Cap Conference.
    • ATLANTA -- Gold Kist Inc. (NASDAQ:GKIS) today announced that it will participate in the JPMorgan Small Cap Conference, which takes place November 1-2 at ......
  • Gold Kist.
    • Gold Kist names William "Bill" Andersen as senior director of sales and marketing with responsibility for all aspects of Gold Kist sales, marketing and new ......
  • Chill pack chicken.
    • This new family pack of chill pack chicken parts from Gold Kist gives the consumer ease and convenience. The chicken is already packaged into six ......
  • Gold Kist says chicken sales are up.
    • Presenting to a group of financial analysts at the Piper Jaffray Consumer Conference in early June, Gold Kist Inc. reported that its private label chicken ......
  • This month in Agri Marketing ...
    • Five Years Ago * Monsanto Co., St. Louis, and American Home Products Corp. (AHP), Madison, N.J., mutually terminated their merger. News of the merger termination ......
  • Gold Kist.
    • A.D. Frazier, Jr. is elected to chairman of the board of directors for Gold Kist, the nation's third largest integrated chicken company. Frazier retired as ......
  • Gold Kist.
    • Gold Kist names Wayne Lord to vice president corporate relations. For the previous 12 years, he was president of Southco Commodities in Atlanta, Ga. Gold ......
Subject: Poultry industry (Cases), Dressed poultry (Cases), Corporate directors (Cases), Hostile takeovers (Cases)
Product: Dressed Poultry
T T T
art_print_gray Print art_email Email 16x16-digg-guy  Digg It delicious-small  del.icio.us

Related Resources

icon - press release

Press Releases

Sponsored Links

Site Map | Contact Us | FAQ's | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy

Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.

© Copyright 2008 The Gale Group, Inc. All rights reserved.
© COPYRIGHT 2006 Informa Economics, Inc.


You may not repost, republish, reproduce, package and/or redistribute the content of this page,
in whole or in part, without the written permission of the copyright holder.

Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report?
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists