BREAKING NEWS: Gold Kist sold to Pilgrim's Pride

By Staff
U.S. chicken producer and Russellville employer Gold Kist Inc. has agreed to a sweetened buyout bid by larger rival Pilgrim's Pride Inc., ending a takeover battle that began four months ago.
News of the deal, announced in a joint statement, sent both companies' shares higher in early trade on Monday.
Pilgrim Pride, the No. 2 U.S. chicken producer, said it will buy Gold Kist in a sweetened offer of $21 per share, or $1.1 billion. The tender will close on Dec. 27 and Pilgrim's officials said the purchase could be completed by the end of the year.
For more, see Wednesday's edition of The Franklin County Times

x