Toneti aquí pego la noticia en que se anuncia que Pilgrim sale de la bancarrota
Pilgrim's Pride Corp. (PGPDQ) announced it emerged from Chapter 11 bankruptcy Monday, as the poultry producer completed a 13-month restructuring.
Under the plan, the reorganized company issued 64% of its common stock to Brazilian beef giant JBS SA (JBSS3.BR) in exchange for $800 million in cash, as part of a deal announced in September. The remaining stock of the company was issued to stockholders existing immediately prior to the effective date. The deal is a victory for the shareholders, who typically get nothing when a company files for bankruptcy.
The company also entered a $1.75 billion exit credit facility with a handful of lenders. That facility is secured by substantially all of the company's assets.
"Pilgrim's Pride today is a stronger, leaner company with a growing customer base, improved capital structure and a culture built on results and accountability," President and Chief Executive Don Jackson said Monday.
Meatpackers have been hurt by weak demand, partially due to woes at recession-hit restaurants, and have closed plants amid shrinking capacity use.
Pilgrim's Pride will begin trading Tuesday on the New York Stock Exchange under the symbol PPC.
Los accionistas recibieron 1 acción nueva por cada 1 vieja. Y el viernes PPC cerró a 8.61$. Imaginaos algo así para nosotros...