date:May 28, 2014
g the announcement of the Pinnacle transaction, and is valued at 12.5x Hillshires trading EBITDA, including the $163 million termination fee payable to Pinnacle, according to Pilgrims Pride.
Our proposal creates considerable value for the shareholders of both Pilgrims and Hillshire, said Bill Lovette, chief executive officer of Pilgrims Pride. For Hillshire shareholders, our proposal provides a substantial premium, greater certainty and immediate cash value for their shares. We have long respec