JBS said a takeover of Pilgrim's Pride would give Pilgrim's Pride shareholders exposure to a bigger and more diversified global business. "JBS Proposes to Acquire Remaining Stake in Pilgrim's Pride," at 7:20 p.m. ET on Aug. 18, and "Pilgrim's Pride Board to Review JBS's Buyout Proposal" at 9:28 a.m. ET on Aug. 20, incorrectly said which shareholders would be exposed to a bigger and more diversified global business.

The Brazil-based beef giant submitted a fresh bid for full control the chicken producer in a deal that could run into antitrust concerns.

JBS dijo que la operación permitiría simplificar su estructura organizacional, reducir costos y asignar el capital de manera más eficiente en todo el grupo.