Pilgrim's Pride has announced plans to merge with fellow poultry processor Gold Kist Inc. for about $1.1 billion, plus the assumption of approximately $144 million in debt

Food & Drug Packaging, Jan, 2007

Pilgrim's Pride has announced plans to merge with fellow poultry processor Gold Kist Inc. for about $1.1 billion, plus the assumption of approximately $144 million in debt. The merger will make the new company the world's leading chicken processor by sales revenue.

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