10-15 news: Justice Department clears JBS-Pilgrim's Pride deal
Pilgrim's Pride had declared bankruptcy last December, and the deal now depends on the bankruptcy court's final decision. Pilgrim's Pride said that it anticipates the plan to be confirmed by the Bankruptcy Court in time for the Debtors to emerge from bankruptcy before the end of December.
"Considering our success in the beef and pork areas in the United States, we believe we're well placed to bring this same energy to Pilgrim's Pride, its workers and clients," said Wesley Batista, executive officer of JBS USA, in a statement.