Why Pilgrim's Pride Stock Was Soaring Today

Shares of Pilgrim's Pride (NASDAQ: PPC), one of the nation's biggest poultry processors, jumped today after JBS (OTC: JBSAY), the world's biggest meat packaging company, proposed making a full acquisition of Pilgrim's Pride, buying the shares it didn't already own.

As a result, Pilgrim's Pride stock was up 20.9% as of 12:59 p.m. EDT.

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Source Fool.com