Here’s some big news for all you chicken lovers out there. Pilgrim’s Pride and Gold Kist have agreed to a merger. Now that’s a lot of poultry.
Pilgrim’s Pride Corporation and Gold Kist Inc. today announced that the two companies have entered into a definitive merger agreement under which Pilgrim’s Pride will acquire all of the outstanding shares of Gold Kist common stock for $21.00 per share in cash. The transaction, which was unanimously approved by the boards of directors of both Pilgrim’s Pride and Gold Kist, has a total equity value of approximately $1.1 billion, plus the assumption of approximately $144 million of Gold Kist’s debt.
Together, Pilgrim’s Pride and Gold Kist will create the world’s leading chicken company in terms of production and the third-largest U.S. meat protein company by revenues. The combined company will have a broad geographic reach and customer base, while maintaining a balanced portfolio of fresh chicken and value-added products. In particular, the enhanced geographic diversification will enable the new Pilgrim’s Pride to compete more efficiently both in the U.S. and internationally.
It’s interesting that the top story on the Gold Kist website is one in which the company recommends to stockholders not to accept Pilgrim’s Pride’s offer. I think they need to update that don’t you think? Over on the Pilgrim’s Pride website they already have the release posted.

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One of the first people I spoke with after we started ZimmComm was Robert French who is an instructor of Public Relations, Marcom, CMS, Blogs, Education and New PR at the University of Auburn. Robert had some advice about our Talking News Release idea and the blogging and podcasting. He’s a guy who knows his new media. In fact I hope you’re a regular reader of
Well we’ll be fully clear once the country truck/plow gets done since he just showed up. At least we’ve got power. I just spoke to Mike Wilson in Illinois and they have no power. That can get old real fast.
Here’s an interesting concept. A company to do online market research of farmers that’s owned by farmers. I’ve got an appointment to speak with Steve Hawkins tomorrow and will bring you that interview in next week’s ZimmCast.
I guess you can teach an old dog new tricks. Evan Slack is advertising