Pilgrim's Pride Corp.

            Pilgrim’s Pride Corp., the world’s largest chicken producer, reported a $50.7 million net profit in December, its first month in Chapter 11. According to Bloomberg, revenue for the period ended Dec. 27 was $501 million.

   Pilgrim’s Pride’s Chapter 11 filing on Dec. 1 listed assets of $3.75 billion and debt of $2.72 billion. In 2007 it completed a $1.1 billion, debt-financed acquisition of Gold Kist Inc., the country’s third-largest poultry producer.

Sources and Related Links

• Spectrum, Station, Fortunoff, Tribune: Bankruptcy
• Court grants restrictions on Pilgrim's Pride stock
• Pilgrim's Pride Corp reports wider Q1 loss
• Pilgrim's Pride loses almost $1 billion

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