Pilgrim’s Pride Corporation
A giant of the poultry aisle, Pilgrim's Pride raises and processes chicken for grocery stores, restaurants, and schools across the US, Mexico, and Europe, selling under brands like Pilgrim's, Just Bare, and Pierce Chicken. Brothers Lonnie "Bo" and Aubrey Pilgrim started it in 1946 as a Texas feed store that gave away free baby chicks with each bag of feed. Bo later starred in his own TV commercials wearing a pilgrim hat alongside a pet chicken named Henrietta.
Item 4 of the Statement is hereby amended and supplemented by the addition of the following: On August 18, 2026, JBS delivered to the Issuer's board of directors a letter setting forth a non-binding proposal to acquire all of the outstanding shares of PPC Common Stock that are not owned by JBS or its affiliates (the securities identified pursuant to Item 1 of this Schedule 13D) for a fixed exchange ratio of 2.086 JBS Class A common shares per share of PPC Common Stock (the "Proposal"). JBS provided in the Proposal that it expects that a fully empowered special committee comprised solely of independent and disinterested directors appointed by the Issuer's board of directors (the "Special Committee") will consider the Proposal and make a recommendation to the Issuer's board of directors. The Proposal provides that JBS will not move forward with such proposed transaction unless the proposed transaction is approved by the Special Committee, advised by independent legal and financial advisors. JBS has also provided in the Proposal that it expects that the creation of the Special Committee and the approval of the transaction contemplated by the Proposal will be approved by the Issuer's "equity directors" pursuant to the applicable provisions of the Issuer's Amended and Restated Certificate of Incorporation. In addition, the Proposal provides that the definitive transaction documentation will include a condition requiring the approval of a majority of the votes cast by the shares of PPC Common Stock that are not owned by JBS or its affiliates. The Proposal may result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, including, without limitation, an acquisition of additional securities of the Issuer, an extraordinary corporate transaction (such as a merger) involving the Issuer, delisting of the shares of PPC Common Stock from the Nasdaq Global Select Market and deregistration under Section 12(g) of the Act, and other material changes in the Issuer's business or corporate structure. No assurances can be given that the transaction contemplated by the Proposal or any other potential transaction involving JBS (or any other Reporting Person) and the Issuer will be consummated, or, if a transaction is undertaken, as to its terms or timing. JBS reserves the right to modify or withdraw the Proposal at any time. JBS reserves the right to formulate other plans or make other proposals which could result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, and to modify or withdraw any such plan or proposal at any time. The above description of the Proposal does not purport to be complete and is qualified in its entirety by reference to the complete text of the Proposal, which is attached hereto as Exhibit 99.3 to this Amendment No.11 and is incorporated herein by reference. On August 18, 2026, JBS issued a press release in connection with the Proposal, a copy of which is filed as Exhibit 99.4 to this Amendment No. 11 and is incorporated herein by reference.
Item 4 of the Statement is hereby amended and supplemented by the addition of the following: On August 18, 2026, JBS delivered to the Issuer's board of directors a letter setting forth a non-binding proposal to acquire all of the outstanding shares of PPC Common Stock that are not owned by JBS or its affiliates (the securities identified pursuant to Item 1 of this Schedule 13D) for a fixed exchange ratio of 2.086 JBS Class A common shares per share of PPC Common Stock (the "Proposal"). JBS provided in the Proposal that it expects that a fully empowered special committee comprised solely of independent and disinterested directors appointed by the Issuer's board of directors (the "Special Committee") will consider the Proposal and make a recommendation to the Issuer's board of directors. The Proposal provides that JBS will not move forward with such proposed transaction unless the proposed transaction is approved by the Special Committee, advised by independent legal and financial advisors. JBS has also provided in the Proposal that it expects that the creation of the Special Committee and the approval of the transaction contemplated by the Proposal will be approved by the Issuer's "equity directors" pursuant to the applicable provisions of the Issuer's Amended and Restated Certificate of Incorporation. In addition, the Proposal provides that the definitive transaction documentation will include a condition requiring the approval of a majority of the votes cast by the shares of PPC Common Stock that are not owned by JBS or its affiliates. The Proposal may result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, including, without limitation, an acquisition of additional securities of the Issuer, an extraordinary corporate transaction (such as a merger) involving the Issuer, delisting of the shares of PPC Common Stock from the Nasdaq Global Select Market and deregistration under Section 12(g) of the Act, and other material changes in the Issuer's business or corporate structure. No assurances can be given that the transaction contemplated by the Proposal or any other potential transaction involving JBS (or any other Reporting Person) and the Issuer will be consummated, or, if a transaction is undertaken, as to its terms or timing. JBS reserves the right to modify or withdraw the Proposal at any time. JBS reserves the right to formulate other plans or make other proposals which could result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, and to modify or withdraw any such plan or proposal at any time. The above description of the Proposal does not purport to be complete and is qualified in its entirety by reference to the complete text of the Proposal, which is attached hereto as Exhibit 99.3 to this Amendment No.11 and is incorporated herein by reference. On August 18, 2026, JBS issued a press release in connection with the Proposal, a copy of which is filed as Exhibit 99.4 to this Amendment No. 11 and is incorporated herein by reference.
Item 4 of the Statement is hereby amended and supplemented by the addition of the following: On August 18, 2026, JBS delivered to the Issuer's board of directors a letter setting forth a non-binding proposal to acquire all of the outstanding shares of PPC Common Stock that are not owned by JBS or its affiliates (the securities identified pursuant to Item 1 of this Schedule 13D) for a fixed exchange ratio of 2.086 JBS Class A common shares per share of PPC Common Stock (the "Proposal"). JBS provided in the Proposal that it expects that a fully empowered special committee comprised solely of independent and disinterested directors appointed by the Issuer's board of directors (the "Special Committee") will consider the Proposal and make a recommendation to the Issuer's board of directors. The Proposal provides that JBS will not move forward with such proposed transaction unless the proposed transaction is approved by the Special Committee, advised by independent legal and financial advisors. JBS has also provided in the Proposal that it expects that the creation of the Special Committee and the approval of the transaction contemplated by the Proposal will be approved by the Issuer's "equity directors" pursuant to the applicable provisions of the Issuer's Amended and Restated Certificate of Incorporation. In addition, the Proposal provides that the definitive transaction documentation will include a condition requiring the approval of a majority of the votes cast by the shares of PPC Common Stock that are not owned by JBS or its affiliates. The Proposal may result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, including, without limitation, an acquisition of additional securities of the Issuer, an extraordinary corporate transaction (such as a merger) involving the Issuer, delisting of the shares of PPC Common Stock from the Nasdaq Global Select Market and deregistration under Section 12(g) of the Act, and other material changes in the Issuer's business or corporate structure. No assurances can be given that the transaction contemplated by the Proposal or any other potential transaction involving JBS (or any other Reporting Person) and the Issuer will be consummated, or, if a transaction is undertaken, as to its terms or timing. JBS reserves the right to modify or withdraw the Proposal at any time. JBS reserves the right to formulate other plans or make other proposals which could result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, and to modify or withdraw any such plan or proposal at any time. The above description of the Proposal does not purport to be complete and is qualified in its entirety by reference to the complete text of the Proposal, which is attached hereto as Exhibit 99.3 to this Amendment No.11 and is incorporated herein by reference. On August 18, 2026, JBS issued a press release in connection with the Proposal, a copy of which is filed as Exhibit 99.4 to this Amendment No. 11 and is incorporated herein by reference.
Item 4 of the Statement is hereby amended and supplemented by the addition of the following: On August 18, 2026, JBS delivered to the Issuer's board of directors a letter setting forth a non-binding proposal to acquire all of the outstanding shares of PPC Common Stock that are not owned by JBS or its affiliates (the securities identified pursuant to Item 1 of this Schedule 13D) for a fixed exchange ratio of 2.086 JBS Class A common shares per share of PPC Common Stock (the "Proposal"). JBS provided in the Proposal that it expects that a fully empowered special committee comprised solely of independent and disinterested directors appointed by the Issuer's board of directors (the "Special Committee") will consider the Proposal and make a recommendation to the Issuer's board of directors. The Proposal provides that JBS will not move forward with such proposed transaction unless the proposed transaction is approved by the Special Committee, advised by independent legal and financial advisors. JBS has also provided in the Proposal that it expects that the creation of the Special Committee and the approval of the transaction contemplated by the Proposal will be approved by the Issuer's "equity directors" pursuant to the applicable provisions of the Issuer's Amended and Restated Certificate of Incorporation. In addition, the Proposal provides that the definitive transaction documentation will include a condition requiring the approval of a majority of the votes cast by the shares of PPC Common Stock that are not owned by JBS or its affiliates. The Proposal may result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, including, without limitation, an acquisition of additional securities of the Issuer, an extraordinary corporate transaction (such as a merger) involving the Issuer, delisting of the shares of PPC Common Stock from the Nasdaq Global Select Market and deregistration under Section 12(g) of the Act, and other material changes in the Issuer's business or corporate structure. No assurances can be given that the transaction contemplated by the Proposal or any other potential transaction involving JBS (or any other Reporting Person) and the Issuer will be consummated, or, if a transaction is undertaken, as to its terms or timing. JBS reserves the right to modify or withdraw the Proposal at any time. JBS reserves the right to formulate other plans or make other proposals which could result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, and to modify or withdraw any such plan or proposal at any time. The above description of the Proposal does not purport to be complete and is qualified in its entirety by reference to the complete text of the Proposal, which is attached hereto as Exhibit 99.3 to this Amendment No.11 and is incorporated herein by reference. On August 18, 2026, JBS issued a press release in connection with the Proposal, a copy of which is filed as Exhibit 99.4 to this Amendment No. 11 and is incorporated herein by reference.
Item 4 of the Statement is hereby amended and supplemented by the addition of the following: On August 18, 2026, JBS delivered to the Issuer's board of directors a letter setting forth a non-binding proposal to acquire all of the outstanding shares of PPC Common Stock that are not owned by JBS or its affiliates (the securities identified pursuant to Item 1 of this Schedule 13D) for a fixed exchange ratio of 2.086 JBS Class A common shares per share of PPC Common Stock (the "Proposal"). JBS provided in the Proposal that it expects that a fully empowered special committee comprised solely of independent and disinterested directors appointed by the Issuer's board of directors (the "Special Committee") will consider the Proposal and make a recommendation to the Issuer's board of directors. The Proposal provides that JBS will not move forward with such proposed transaction unless the proposed transaction is approved by the Special Committee, advised by independent legal and financial advisors. JBS has also provided in the Proposal that it expects that the creation of the Special Committee and the approval of the transaction contemplated by the Proposal will be approved by the Issuer's "equity directors" pursuant to the applicable provisions of the Issuer's Amended and Restated Certificate of Incorporation. In addition, the Proposal provides that the definitive transaction documentation will include a condition requiring the approval of a majority of the votes cast by the shares of PPC Common Stock that are not owned by JBS or its affiliates. The Proposal may result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, including, without limitation, an acquisition of additional securities of the Issuer, an extraordinary corporate transaction (such as a merger) involving the Issuer, delisting of the shares of PPC Common Stock from the Nasdaq Global Select Market and deregistration under Section 12(g) of the Act, and other material changes in the Issuer's business or corporate structure. No assurances can be given that the transaction contemplated by the Proposal or any other potential transaction involving JBS (or any other Reporting Person) and the Issuer will be consummated, or, if a transaction is undertaken, as to its terms or timing. JBS reserves the right to modify or withdraw the Proposal at any time. JBS reserves the right to formulate other plans or make other proposals which could result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, and to modify or withdraw any such plan or proposal at any time. The above description of the Proposal does not purport to be complete and is qualified in its entirety by reference to the complete text of the Proposal, which is attached hereto as Exhibit 99.3 to this Amendment No.11 and is incorporated herein by reference. On August 18, 2026, JBS issued a press release in connection with the Proposal, a copy of which is filed as Exhibit 99.4 to this Amendment No. 11 and is incorporated herein by reference.
Item 4 of the Statement is hereby amended and supplemented by the addition of the following: On August 18, 2026, JBS delivered to the Issuer's board of directors a letter setting forth a non-binding proposal to acquire all of the outstanding shares of PPC Common Stock that are not owned by JBS or its affiliates (the securities identified pursuant to Item 1 of this Schedule 13D) for a fixed exchange ratio of 2.086 JBS Class A common shares per share of PPC Common Stock (the "Proposal"). JBS provided in the Proposal that it expects that a fully empowered special committee comprised solely of independent and disinterested directors appointed by the Issuer's board of directors (the "Special Committee") will consider the Proposal and make a recommendation to the Issuer's board of directors. The Proposal provides that JBS will not move forward with such proposed transaction unless the proposed transaction is approved by the Special Committee, advised by independent legal and financial advisors. JBS has also provided in the Proposal that it expects that the creation of the Special Committee and the approval of the transaction contemplated by the Proposal will be approved by the Issuer's "equity directors" pursuant to the applicable provisions of the Issuer's Amended and Restated Certificate of Incorporation. In addition, the Proposal provides that the definitive transaction documentation will include a condition requiring the approval of a majority of the votes cast by the shares of PPC Common Stock that are not owned by JBS or its affiliates. The Proposal may result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, including, without limitation, an acquisition of additional securities of the Issuer, an extraordinary corporate transaction (such as a merger) involving the Issuer, delisting of the shares of PPC Common Stock from the Nasdaq Global Select Market and deregistration under Section 12(g) of the Act, and other material changes in the Issuer's business or corporate structure. No assurances can be given that the transaction contemplated by the Proposal or any other potential transaction involving JBS (or any other Reporting Person) and the Issuer will be consummated, or, if a transaction is undertaken, as to its terms or timing. JBS reserves the right to modify or withdraw the Proposal at any time. JBS reserves the right to formulate other plans or make other proposals which could result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, and to modify or withdraw any such plan or proposal at any time. The above description of the Proposal does not purport to be complete and is qualified in its entirety by reference to the complete text of the Proposal, which is attached hereto as Exhibit 99.3 to this Amendment No.11 and is incorporated herein by reference. On August 18, 2026, JBS issued a press release in connection with the Proposal, a copy of which is filed as Exhibit 99.4 to this Amendment No. 11 and is incorporated herein by reference.
Item 4 of the Statement is hereby amended and supplemented by the addition of the following: On August 18, 2026, JBS delivered to the Issuer's board of directors a letter setting forth a non-binding proposal to acquire all of the outstanding shares of PPC Common Stock that are not owned by JBS or its affiliates (the securities identified pursuant to Item 1 of this Schedule 13D) for a fixed exchange ratio of 2.086 JBS Class A common shares per share of PPC Common Stock (the "Proposal"). JBS provided in the Proposal that it expects that a fully empowered special committee comprised solely of independent and disinterested directors appointed by the Issuer's board of directors (the "Special Committee") will consider the Proposal and make a recommendation to the Issuer's board of directors. The Proposal provides that JBS will not move forward with such proposed transaction unless the proposed transaction is approved by the Special Committee, advised by independent legal and financial advisors. JBS has also provided in the Proposal that it expects that the creation of the Special Committee and the approval of the transaction contemplated by the Proposal will be approved by the Issuer's "equity directors" pursuant to the applicable provisions of the Issuer's Amended and Restated Certificate of Incorporation. In addition, the Proposal provides that the definitive transaction documentation will include a condition requiring the approval of a majority of the votes cast by the shares of PPC Common Stock that are not owned by JBS or its affiliates. The Proposal may result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, including, without limitation, an acquisition of additional securities of the Issuer, an extraordinary corporate transaction (such as a merger) involving the Issuer, delisting of the shares of PPC Common Stock from the Nasdaq Global Select Market and deregistration under Section 12(g) of the Act, and other material changes in the Issuer's business or corporate structure. No assurances can be given that the transaction contemplated by the Proposal or any other potential transaction involving JBS (or any other Reporting Person) and the Issuer will be consummated, or, if a transaction is undertaken, as to its terms or timing. JBS reserves the right to modify or withdraw the Proposal at any time. JBS reserves the right to formulate other plans or make other proposals which could result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, and to modify or withdraw any such plan or proposal at any time. The above description of the Proposal does not purport to be complete and is qualified in its entirety by reference to the complete text of the Proposal, which is attached hereto as Exhibit 99.3 to this Amendment No.11 and is incorporated herein by reference. On August 18, 2026, JBS issued a press release in connection with the Proposal, a copy of which is filed as Exhibit 99.4 to this Amendment No. 11 and is incorporated herein by reference.
Item 4 of the Statement is hereby amended and supplemented by the addition of the following: On August 18, 2026, JBS delivered to the Issuer's board of directors a letter setting forth a non-binding proposal to acquire all of the outstanding shares of PPC Common Stock that are not owned by JBS or its affiliates (the securities identified pursuant to Item 1 of this Schedule 13D) for a fixed exchange ratio of 2.086 JBS Class A common shares per share of PPC Common Stock (the "Proposal"). JBS provided in the Proposal that it expects that a fully empowered special committee comprised solely of independent and disinterested directors appointed by the Issuer's board of directors (the "Special Committee") will consider the Proposal and make a recommendation to the Issuer's board of directors. The Proposal provides that JBS will not move forward with such proposed transaction unless the proposed transaction is approved by the Special Committee, advised by independent legal and financial advisors. JBS has also provided in the Proposal that it expects that the creation of the Special Committee and the approval of the transaction contemplated by the Proposal will be approved by the Issuer's "equity directors" pursuant to the applicable provisions of the Issuer's Amended and Restated Certificate of Incorporation. In addition, the Proposal provides that the definitive transaction documentation will include a condition requiring the approval of a majority of the votes cast by the shares of PPC Common Stock that are not owned by JBS or its affiliates. The Proposal may result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, including, without limitation, an acquisition of additional securities of the Issuer, an extraordinary corporate transaction (such as a merger) involving the Issuer, delisting of the shares of PPC Common Stock from the Nasdaq Global Select Market and deregistration under Section 12(g) of the Act, and other material changes in the Issuer's business or corporate structure. No assurances can be given that the transaction contemplated by the Proposal or any other potential transaction involving JBS (or any other Reporting Person) and the Issuer will be consummated, or, if a transaction is undertaken, as to its terms or timing. JBS reserves the right to modify or withdraw the Proposal at any time. JBS reserves the right to formulate other plans or make other proposals which could result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, and to modify or withdraw any such plan or proposal at any time. The above description of the Proposal does not purport to be complete and is qualified in its entirety by reference to the complete text of the Proposal, which is attached hereto as Exhibit 99.3 to this Amendment No.11 and is incorporated herein by reference. On August 18, 2026, JBS issued a press release in connection with the Proposal, a copy of which is filed as Exhibit 99.4 to this Amendment No. 11 and is incorporated herein by reference.
Item 4 of the Statement is hereby amended and supplemented by the addition of the following: On August 18, 2026, JBS delivered to the Issuer's board of directors a letter setting forth a non-binding proposal to acquire all of the outstanding shares of PPC Common Stock that are not owned by JBS or its affiliates (the securities identified pursuant to Item 1 of this Schedule 13D) for a fixed exchange ratio of 2.086 JBS Class A common shares per share of PPC Common Stock (the "Proposal"). JBS provided in the Proposal that it expects that a fully empowered special committee comprised solely of independent and disinterested directors appointed by the Issuer's board of directors (the "Special Committee") will consider the Proposal and make a recommendation to the Issuer's board of directors. The Proposal provides that JBS will not move forward with such proposed transaction unless the proposed transaction is approved by the Special Committee, advised by independent legal and financial advisors. JBS has also provided in the Proposal that it expects that the creation of the Special Committee and the approval of the transaction contemplated by the Proposal will be approved by the Issuer's "equity directors" pursuant to the applicable provisions of the Issuer's Amended and Restated Certificate of Incorporation. In addition, the Proposal provides that the definitive transaction documentation will include a condition requiring the approval of a majority of the votes cast by the shares of PPC Common Stock that are not owned by JBS or its affiliates. The Proposal may result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, including, without limitation, an acquisition of additional securities of the Issuer, an extraordinary corporate transaction (such as a merger) involving the Issuer, delisting of the shares of PPC Common Stock from the Nasdaq Global Select Market and deregistration under Section 12(g) of the Act, and other material changes in the Issuer's business or corporate structure. No assurances can be given that the transaction contemplated by the Proposal or any other potential transaction involving JBS (or any other Reporting Person) and the Issuer will be consummated, or, if a transaction is undertaken, as to its terms or timing. JBS reserves the right to modify or withdraw the Proposal at any time. JBS reserves the right to formulate other plans or make other proposals which could result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, and to modify or withdraw any such plan or proposal at any time. The above description of the Proposal does not purport to be complete and is qualified in its entirety by reference to the complete text of the Proposal, which is attached hereto as Exhibit 99.3 to this Amendment No.11 and is incorporated herein by reference. On August 18, 2026, JBS issued a press release in connection with the Proposal, a copy of which is filed as Exhibit 99.4 to this Amendment No. 11 and is incorporated herein by reference.
Item 4 of the Statement is hereby amended and supplemented by the addition of the following: On August 18, 2026, JBS delivered to the Issuer's board of directors a letter setting forth a non-binding proposal to acquire all of the outstanding shares of PPC Common Stock that are not owned by JBS or its affiliates (the securities identified pursuant to Item 1 of this Schedule 13D) for a fixed exchange ratio of 2.086 JBS Class A common shares per share of PPC Common Stock (the "Proposal"). JBS provided in the Proposal that it expects that a fully empowered special committee comprised solely of independent and disinterested directors appointed by the Issuer's board of directors (the "Special Committee") will consider the Proposal and make a recommendation to the Issuer's board of directors. The Proposal provides that JBS will not move forward with such proposed transaction unless the proposed transaction is approved by the Special Committee, advised by independent legal and financial advisors. JBS has also provided in the Proposal that it expects that the creation of the Special Committee and the approval of the transaction contemplated by the Proposal will be approved by the Issuer's "equity directors" pursuant to the applicable provisions of the Issuer's Amended and Restated Certificate of Incorporation. In addition, the Proposal provides that the definitive transaction documentation will include a condition requiring the approval of a majority of the votes cast by the shares of PPC Common Stock that are not owned by JBS or its affiliates. The Proposal may result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, including, without limitation, an acquisition of additional securities of the Issuer, an extraordinary corporate transaction (such as a merger) involving the Issuer, delisting of the shares of PPC Common Stock from the Nasdaq Global Select Market and deregistration under Section 12(g) of the Act, and other material changes in the Issuer's business or corporate structure. No assurances can be given that the transaction contemplated by the Proposal or any other potential transaction involving JBS (or any other Reporting Person) and the Issuer will be consummated, or, if a transaction is undertaken, as to its terms or timing. JBS reserves the right to modify or withdraw the Proposal at any time. JBS reserves the right to formulate other plans or make other proposals which could result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, and to modify or withdraw any such plan or proposal at any time. The above description of the Proposal does not purport to be complete and is qualified in its entirety by reference to the complete text of the Proposal, which is attached hereto as Exhibit 99.3 to this Amendment No.11 and is incorporated herein by reference. On August 18, 2026, JBS issued a press release in connection with the Proposal, a copy of which is filed as Exhibit 99.4 to this Amendment No. 11 and is incorporated herein by reference.
| Holder | Schedule | % of class | Shares | Filed |
|---|---|---|---|---|
| Wesley Mendonca Batista | 13D/AActivist | 82.1% | 195.45M | Aug 18, 2026 |
Item 4 of the Statement is hereby amended and supplemented by the addition of the following: On August 18, 2026, JBS delivered to the Issuer's board of directors a letter setting forth a non-binding proposal to acquire all of the outstanding shares of PPC Common Stock that are not owned by JBS or its affiliates (the securities identified pursuant to Item 1 of this Schedule 13D) for a fixed exchange ratio of 2.086 JBS Class A common shares per share of PPC Common Stock (the "Proposal"). JBS provided in the Proposal that it expects that a fully empowered special committee comprised solely of independent and disinterested directors appointed by the Issuer's board of directors (the "Special Committee") will consider the Proposal and make a recommendation to the Issuer's board of directors. The Proposal provides that JBS will not move forward with such proposed transaction unless the proposed transaction is approved by the Special Committee, advised by independent legal and financial advisors. JBS has also provided in the Proposal that it expects that the creation of the Special Committee and the approval of the transaction contemplated by the Proposal will be approved by the Issuer's "equity directors" pursuant to the applicable provisions of the Issuer's Amended and Restated Certificate of Incorporation. In addition, the Proposal provides that the definitive transaction documentation will include a condition requiring the approval of a majority of the votes cast by the shares of PPC Common Stock that are not owned by JBS or its affiliates. The Proposal may result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, including, without limitation, an acquisition of additional securities of the Issuer, an extraordinary corporate transaction (such as a merger) involving the Issuer, delisting of the shares of PPC Common Stock from the Nasdaq Global Select Market and deregistration under Section 12(g) of the Act, and other material changes in the Issuer's business or corporate structure. No assurances can be given that the transaction contemplated by the Proposal or any other potential transaction involving JBS (or any other Reporting Person) and the Issuer will be consummated, or, if a transaction is undertaken, as to its terms or timing. JBS reserves the right to modify or withdraw the Proposal at any time. JBS reserves the right to formulate other plans or make other proposals which could result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, and to modify or withdraw any such plan or proposal at any time. The above description of the Proposal does not purport to be complete and is qualified in its entirety by reference to the complete text of the Proposal, which is attached hereto as Exhibit 99.3 to this Amendment No.11 and is incorporated herein by reference. On August 18, 2026, JBS issued a press release in connection with the Proposal, a copy of which is filed as Exhibit 99.4 to this Amendment No. 11 and is incorporated herein by reference. | ||||
| Joesley Mendonca Batista | 13D/AActivist | 82.1% | 195.45M | Aug 18, 2026 |
Item 4 of the Statement is hereby amended and supplemented by the addition of the following: On August 18, 2026, JBS delivered to the Issuer's board of directors a letter setting forth a non-binding proposal to acquire all of the outstanding shares of PPC Common Stock that are not owned by JBS or its affiliates (the securities identified pursuant to Item 1 of this Schedule 13D) for a fixed exchange ratio of 2.086 JBS Class A common shares per share of PPC Common Stock (the "Proposal"). JBS provided in the Proposal that it expects that a fully empowered special committee comprised solely of independent and disinterested directors appointed by the Issuer's board of directors (the "Special Committee") will consider the Proposal and make a recommendation to the Issuer's board of directors. The Proposal provides that JBS will not move forward with such proposed transaction unless the proposed transaction is approved by the Special Committee, advised by independent legal and financial advisors. JBS has also provided in the Proposal that it expects that the creation of the Special Committee and the approval of the transaction contemplated by the Proposal will be approved by the Issuer's "equity directors" pursuant to the applicable provisions of the Issuer's Amended and Restated Certificate of Incorporation. In addition, the Proposal provides that the definitive transaction documentation will include a condition requiring the approval of a majority of the votes cast by the shares of PPC Common Stock that are not owned by JBS or its affiliates. The Proposal may result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, including, without limitation, an acquisition of additional securities of the Issuer, an extraordinary corporate transaction (such as a merger) involving the Issuer, delisting of the shares of PPC Common Stock from the Nasdaq Global Select Market and deregistration under Section 12(g) of the Act, and other material changes in the Issuer's business or corporate structure. No assurances can be given that the transaction contemplated by the Proposal or any other potential transaction involving JBS (or any other Reporting Person) and the Issuer will be consummated, or, if a transaction is undertaken, as to its terms or timing. JBS reserves the right to modify or withdraw the Proposal at any time. JBS reserves the right to formulate other plans or make other proposals which could result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, and to modify or withdraw any such plan or proposal at any time. The above description of the Proposal does not purport to be complete and is qualified in its entirety by reference to the complete text of the Proposal, which is attached hereto as Exhibit 99.3 to this Amendment No.11 and is incorporated herein by reference. On August 18, 2026, JBS issued a press release in connection with the Proposal, a copy of which is filed as Exhibit 99.4 to this Amendment No. 11 and is incorporated herein by reference. | ||||
| J&F S.A. | 13D/AActivist | 82.1% | 195.45M | Aug 18, 2026 |
Item 4 of the Statement is hereby amended and supplemented by the addition of the following: On August 18, 2026, JBS delivered to the Issuer's board of directors a letter setting forth a non-binding proposal to acquire all of the outstanding shares of PPC Common Stock that are not owned by JBS or its affiliates (the securities identified pursuant to Item 1 of this Schedule 13D) for a fixed exchange ratio of 2.086 JBS Class A common shares per share of PPC Common Stock (the "Proposal"). JBS provided in the Proposal that it expects that a fully empowered special committee comprised solely of independent and disinterested directors appointed by the Issuer's board of directors (the "Special Committee") will consider the Proposal and make a recommendation to the Issuer's board of directors. The Proposal provides that JBS will not move forward with such proposed transaction unless the proposed transaction is approved by the Special Committee, advised by independent legal and financial advisors. JBS has also provided in the Proposal that it expects that the creation of the Special Committee and the approval of the transaction contemplated by the Proposal will be approved by the Issuer's "equity directors" pursuant to the applicable provisions of the Issuer's Amended and Restated Certificate of Incorporation. In addition, the Proposal provides that the definitive transaction documentation will include a condition requiring the approval of a majority of the votes cast by the shares of PPC Common Stock that are not owned by JBS or its affiliates. The Proposal may result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, including, without limitation, an acquisition of additional securities of the Issuer, an extraordinary corporate transaction (such as a merger) involving the Issuer, delisting of the shares of PPC Common Stock from the Nasdaq Global Select Market and deregistration under Section 12(g) of the Act, and other material changes in the Issuer's business or corporate structure. No assurances can be given that the transaction contemplated by the Proposal or any other potential transaction involving JBS (or any other Reporting Person) and the Issuer will be consummated, or, if a transaction is undertaken, as to its terms or timing. JBS reserves the right to modify or withdraw the Proposal at any time. JBS reserves the right to formulate other plans or make other proposals which could result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, and to modify or withdraw any such plan or proposal at any time. The above description of the Proposal does not purport to be complete and is qualified in its entirety by reference to the complete text of the Proposal, which is attached hereto as Exhibit 99.3 to this Amendment No.11 and is incorporated herein by reference. On August 18, 2026, JBS issued a press release in connection with the Proposal, a copy of which is filed as Exhibit 99.4 to this Amendment No. 11 and is incorporated herein by reference. | ||||
| J&F Investments Luxembourg S.a r.l. | 13D/AActivist | 82.1% | 195.45M | Aug 18, 2026 |
Item 4 of the Statement is hereby amended and supplemented by the addition of the following: On August 18, 2026, JBS delivered to the Issuer's board of directors a letter setting forth a non-binding proposal to acquire all of the outstanding shares of PPC Common Stock that are not owned by JBS or its affiliates (the securities identified pursuant to Item 1 of this Schedule 13D) for a fixed exchange ratio of 2.086 JBS Class A common shares per share of PPC Common Stock (the "Proposal"). JBS provided in the Proposal that it expects that a fully empowered special committee comprised solely of independent and disinterested directors appointed by the Issuer's board of directors (the "Special Committee") will consider the Proposal and make a recommendation to the Issuer's board of directors. The Proposal provides that JBS will not move forward with such proposed transaction unless the proposed transaction is approved by the Special Committee, advised by independent legal and financial advisors. JBS has also provided in the Proposal that it expects that the creation of the Special Committee and the approval of the transaction contemplated by the Proposal will be approved by the Issuer's "equity directors" pursuant to the applicable provisions of the Issuer's Amended and Restated Certificate of Incorporation. In addition, the Proposal provides that the definitive transaction documentation will include a condition requiring the approval of a majority of the votes cast by the shares of PPC Common Stock that are not owned by JBS or its affiliates. The Proposal may result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, including, without limitation, an acquisition of additional securities of the Issuer, an extraordinary corporate transaction (such as a merger) involving the Issuer, delisting of the shares of PPC Common Stock from the Nasdaq Global Select Market and deregistration under Section 12(g) of the Act, and other material changes in the Issuer's business or corporate structure. No assurances can be given that the transaction contemplated by the Proposal or any other potential transaction involving JBS (or any other Reporting Person) and the Issuer will be consummated, or, if a transaction is undertaken, as to its terms or timing. JBS reserves the right to modify or withdraw the Proposal at any time. JBS reserves the right to formulate other plans or make other proposals which could result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, and to modify or withdraw any such plan or proposal at any time. The above description of the Proposal does not purport to be complete and is qualified in its entirety by reference to the complete text of the Proposal, which is attached hereto as Exhibit 99.3 to this Amendment No.11 and is incorporated herein by reference. On August 18, 2026, JBS issued a press release in connection with the Proposal, a copy of which is filed as Exhibit 99.4 to this Amendment No. 11 and is incorporated herein by reference. | ||||
| JBS N.V. | 13D/AActivist | 82.1% | 195.45M | Aug 18, 2026 |
Item 4 of the Statement is hereby amended and supplemented by the addition of the following: On August 18, 2026, JBS delivered to the Issuer's board of directors a letter setting forth a non-binding proposal to acquire all of the outstanding shares of PPC Common Stock that are not owned by JBS or its affiliates (the securities identified pursuant to Item 1 of this Schedule 13D) for a fixed exchange ratio of 2.086 JBS Class A common shares per share of PPC Common Stock (the "Proposal"). JBS provided in the Proposal that it expects that a fully empowered special committee comprised solely of independent and disinterested directors appointed by the Issuer's board of directors (the "Special Committee") will consider the Proposal and make a recommendation to the Issuer's board of directors. The Proposal provides that JBS will not move forward with such proposed transaction unless the proposed transaction is approved by the Special Committee, advised by independent legal and financial advisors. JBS has also provided in the Proposal that it expects that the creation of the Special Committee and the approval of the transaction contemplated by the Proposal will be approved by the Issuer's "equity directors" pursuant to the applicable provisions of the Issuer's Amended and Restated Certificate of Incorporation. In addition, the Proposal provides that the definitive transaction documentation will include a condition requiring the approval of a majority of the votes cast by the shares of PPC Common Stock that are not owned by JBS or its affiliates. The Proposal may result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, including, without limitation, an acquisition of additional securities of the Issuer, an extraordinary corporate transaction (such as a merger) involving the Issuer, delisting of the shares of PPC Common Stock from the Nasdaq Global Select Market and deregistration under Section 12(g) of the Act, and other material changes in the Issuer's business or corporate structure. No assurances can be given that the transaction contemplated by the Proposal or any other potential transaction involving JBS (or any other Reporting Person) and the Issuer will be consummated, or, if a transaction is undertaken, as to its terms or timing. JBS reserves the right to modify or withdraw the Proposal at any time. JBS reserves the right to formulate other plans or make other proposals which could result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, and to modify or withdraw any such plan or proposal at any time. The above description of the Proposal does not purport to be complete and is qualified in its entirety by reference to the complete text of the Proposal, which is attached hereto as Exhibit 99.3 to this Amendment No.11 and is incorporated herein by reference. On August 18, 2026, JBS issued a press release in connection with the Proposal, a copy of which is filed as Exhibit 99.4 to this Amendment No. 11 and is incorporated herein by reference. | ||||
| JBS Participacoes Societarias S.A. | 13D/AActivist | 82.1% | 195.45M | Aug 18, 2026 |
Item 4 of the Statement is hereby amended and supplemented by the addition of the following: On August 18, 2026, JBS delivered to the Issuer's board of directors a letter setting forth a non-binding proposal to acquire all of the outstanding shares of PPC Common Stock that are not owned by JBS or its affiliates (the securities identified pursuant to Item 1 of this Schedule 13D) for a fixed exchange ratio of 2.086 JBS Class A common shares per share of PPC Common Stock (the "Proposal"). JBS provided in the Proposal that it expects that a fully empowered special committee comprised solely of independent and disinterested directors appointed by the Issuer's board of directors (the "Special Committee") will consider the Proposal and make a recommendation to the Issuer's board of directors. The Proposal provides that JBS will not move forward with such proposed transaction unless the proposed transaction is approved by the Special Committee, advised by independent legal and financial advisors. JBS has also provided in the Proposal that it expects that the creation of the Special Committee and the approval of the transaction contemplated by the Proposal will be approved by the Issuer's "equity directors" pursuant to the applicable provisions of the Issuer's Amended and Restated Certificate of Incorporation. In addition, the Proposal provides that the definitive transaction documentation will include a condition requiring the approval of a majority of the votes cast by the shares of PPC Common Stock that are not owned by JBS or its affiliates. The Proposal may result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, including, without limitation, an acquisition of additional securities of the Issuer, an extraordinary corporate transaction (such as a merger) involving the Issuer, delisting of the shares of PPC Common Stock from the Nasdaq Global Select Market and deregistration under Section 12(g) of the Act, and other material changes in the Issuer's business or corporate structure. No assurances can be given that the transaction contemplated by the Proposal or any other potential transaction involving JBS (or any other Reporting Person) and the Issuer will be consummated, or, if a transaction is undertaken, as to its terms or timing. JBS reserves the right to modify or withdraw the Proposal at any time. JBS reserves the right to formulate other plans or make other proposals which could result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, and to modify or withdraw any such plan or proposal at any time. The above description of the Proposal does not purport to be complete and is qualified in its entirety by reference to the complete text of the Proposal, which is attached hereto as Exhibit 99.3 to this Amendment No.11 and is incorporated herein by reference. On August 18, 2026, JBS issued a press release in connection with the Proposal, a copy of which is filed as Exhibit 99.4 to this Amendment No. 11 and is incorporated herein by reference. | ||||
| JBS S.A. | 13D/AActivist | 82.1% | 195.45M | Aug 18, 2026 |
Item 4 of the Statement is hereby amended and supplemented by the addition of the following: On August 18, 2026, JBS delivered to the Issuer's board of directors a letter setting forth a non-binding proposal to acquire all of the outstanding shares of PPC Common Stock that are not owned by JBS or its affiliates (the securities identified pursuant to Item 1 of this Schedule 13D) for a fixed exchange ratio of 2.086 JBS Class A common shares per share of PPC Common Stock (the "Proposal"). JBS provided in the Proposal that it expects that a fully empowered special committee comprised solely of independent and disinterested directors appointed by the Issuer's board of directors (the "Special Committee") will consider the Proposal and make a recommendation to the Issuer's board of directors. The Proposal provides that JBS will not move forward with such proposed transaction unless the proposed transaction is approved by the Special Committee, advised by independent legal and financial advisors. JBS has also provided in the Proposal that it expects that the creation of the Special Committee and the approval of the transaction contemplated by the Proposal will be approved by the Issuer's "equity directors" pursuant to the applicable provisions of the Issuer's Amended and Restated Certificate of Incorporation. In addition, the Proposal provides that the definitive transaction documentation will include a condition requiring the approval of a majority of the votes cast by the shares of PPC Common Stock that are not owned by JBS or its affiliates. The Proposal may result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, including, without limitation, an acquisition of additional securities of the Issuer, an extraordinary corporate transaction (such as a merger) involving the Issuer, delisting of the shares of PPC Common Stock from the Nasdaq Global Select Market and deregistration under Section 12(g) of the Act, and other material changes in the Issuer's business or corporate structure. No assurances can be given that the transaction contemplated by the Proposal or any other potential transaction involving JBS (or any other Reporting Person) and the Issuer will be consummated, or, if a transaction is undertaken, as to its terms or timing. JBS reserves the right to modify or withdraw the Proposal at any time. JBS reserves the right to formulate other plans or make other proposals which could result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, and to modify or withdraw any such plan or proposal at any time. The above description of the Proposal does not purport to be complete and is qualified in its entirety by reference to the complete text of the Proposal, which is attached hereto as Exhibit 99.3 to this Amendment No.11 and is incorporated herein by reference. On August 18, 2026, JBS issued a press release in connection with the Proposal, a copy of which is filed as Exhibit 99.4 to this Amendment No. 11 and is incorporated herein by reference. | ||||
| JBS Investments Luxembourg S.a r.l. | 13D/AActivist | 82.1% | 195.45M | Aug 18, 2026 |
Item 4 of the Statement is hereby amended and supplemented by the addition of the following: On August 18, 2026, JBS delivered to the Issuer's board of directors a letter setting forth a non-binding proposal to acquire all of the outstanding shares of PPC Common Stock that are not owned by JBS or its affiliates (the securities identified pursuant to Item 1 of this Schedule 13D) for a fixed exchange ratio of 2.086 JBS Class A common shares per share of PPC Common Stock (the "Proposal"). JBS provided in the Proposal that it expects that a fully empowered special committee comprised solely of independent and disinterested directors appointed by the Issuer's board of directors (the "Special Committee") will consider the Proposal and make a recommendation to the Issuer's board of directors. The Proposal provides that JBS will not move forward with such proposed transaction unless the proposed transaction is approved by the Special Committee, advised by independent legal and financial advisors. JBS has also provided in the Proposal that it expects that the creation of the Special Committee and the approval of the transaction contemplated by the Proposal will be approved by the Issuer's "equity directors" pursuant to the applicable provisions of the Issuer's Amended and Restated Certificate of Incorporation. In addition, the Proposal provides that the definitive transaction documentation will include a condition requiring the approval of a majority of the votes cast by the shares of PPC Common Stock that are not owned by JBS or its affiliates. The Proposal may result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, including, without limitation, an acquisition of additional securities of the Issuer, an extraordinary corporate transaction (such as a merger) involving the Issuer, delisting of the shares of PPC Common Stock from the Nasdaq Global Select Market and deregistration under Section 12(g) of the Act, and other material changes in the Issuer's business or corporate structure. No assurances can be given that the transaction contemplated by the Proposal or any other potential transaction involving JBS (or any other Reporting Person) and the Issuer will be consummated, or, if a transaction is undertaken, as to its terms or timing. JBS reserves the right to modify or withdraw the Proposal at any time. JBS reserves the right to formulate other plans or make other proposals which could result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, and to modify or withdraw any such plan or proposal at any time. The above description of the Proposal does not purport to be complete and is qualified in its entirety by reference to the complete text of the Proposal, which is attached hereto as Exhibit 99.3 to this Amendment No.11 and is incorporated herein by reference. On August 18, 2026, JBS issued a press release in connection with the Proposal, a copy of which is filed as Exhibit 99.4 to this Amendment No. 11 and is incorporated herein by reference. | ||||
| JBS Global Luxembourg S.a r.l. | 13D/AActivist | 82.1% | 195.45M | Aug 18, 2026 |
Item 4 of the Statement is hereby amended and supplemented by the addition of the following: On August 18, 2026, JBS delivered to the Issuer's board of directors a letter setting forth a non-binding proposal to acquire all of the outstanding shares of PPC Common Stock that are not owned by JBS or its affiliates (the securities identified pursuant to Item 1 of this Schedule 13D) for a fixed exchange ratio of 2.086 JBS Class A common shares per share of PPC Common Stock (the "Proposal"). JBS provided in the Proposal that it expects that a fully empowered special committee comprised solely of independent and disinterested directors appointed by the Issuer's board of directors (the "Special Committee") will consider the Proposal and make a recommendation to the Issuer's board of directors. The Proposal provides that JBS will not move forward with such proposed transaction unless the proposed transaction is approved by the Special Committee, advised by independent legal and financial advisors. JBS has also provided in the Proposal that it expects that the creation of the Special Committee and the approval of the transaction contemplated by the Proposal will be approved by the Issuer's "equity directors" pursuant to the applicable provisions of the Issuer's Amended and Restated Certificate of Incorporation. In addition, the Proposal provides that the definitive transaction documentation will include a condition requiring the approval of a majority of the votes cast by the shares of PPC Common Stock that are not owned by JBS or its affiliates. The Proposal may result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, including, without limitation, an acquisition of additional securities of the Issuer, an extraordinary corporate transaction (such as a merger) involving the Issuer, delisting of the shares of PPC Common Stock from the Nasdaq Global Select Market and deregistration under Section 12(g) of the Act, and other material changes in the Issuer's business or corporate structure. No assurances can be given that the transaction contemplated by the Proposal or any other potential transaction involving JBS (or any other Reporting Person) and the Issuer will be consummated, or, if a transaction is undertaken, as to its terms or timing. JBS reserves the right to modify or withdraw the Proposal at any time. JBS reserves the right to formulate other plans or make other proposals which could result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, and to modify or withdraw any such plan or proposal at any time. The above description of the Proposal does not purport to be complete and is qualified in its entirety by reference to the complete text of the Proposal, which is attached hereto as Exhibit 99.3 to this Amendment No.11 and is incorporated herein by reference. On August 18, 2026, JBS issued a press release in connection with the Proposal, a copy of which is filed as Exhibit 99.4 to this Amendment No. 11 and is incorporated herein by reference. | ||||
| JBS Global Meat Holdings Pty. Ltd. | 13D/AActivist | 82.1% | 195.45M | Aug 18, 2026 |
Item 4 of the Statement is hereby amended and supplemented by the addition of the following: On August 18, 2026, JBS delivered to the Issuer's board of directors a letter setting forth a non-binding proposal to acquire all of the outstanding shares of PPC Common Stock that are not owned by JBS or its affiliates (the securities identified pursuant to Item 1 of this Schedule 13D) for a fixed exchange ratio of 2.086 JBS Class A common shares per share of PPC Common Stock (the "Proposal"). JBS provided in the Proposal that it expects that a fully empowered special committee comprised solely of independent and disinterested directors appointed by the Issuer's board of directors (the "Special Committee") will consider the Proposal and make a recommendation to the Issuer's board of directors. The Proposal provides that JBS will not move forward with such proposed transaction unless the proposed transaction is approved by the Special Committee, advised by independent legal and financial advisors. JBS has also provided in the Proposal that it expects that the creation of the Special Committee and the approval of the transaction contemplated by the Proposal will be approved by the Issuer's "equity directors" pursuant to the applicable provisions of the Issuer's Amended and Restated Certificate of Incorporation. In addition, the Proposal provides that the definitive transaction documentation will include a condition requiring the approval of a majority of the votes cast by the shares of PPC Common Stock that are not owned by JBS or its affiliates. The Proposal may result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, including, without limitation, an acquisition of additional securities of the Issuer, an extraordinary corporate transaction (such as a merger) involving the Issuer, delisting of the shares of PPC Common Stock from the Nasdaq Global Select Market and deregistration under Section 12(g) of the Act, and other material changes in the Issuer's business or corporate structure. No assurances can be given that the transaction contemplated by the Proposal or any other potential transaction involving JBS (or any other Reporting Person) and the Issuer will be consummated, or, if a transaction is undertaken, as to its terms or timing. JBS reserves the right to modify or withdraw the Proposal at any time. JBS reserves the right to formulate other plans or make other proposals which could result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, and to modify or withdraw any such plan or proposal at any time. The above description of the Proposal does not purport to be complete and is qualified in its entirety by reference to the complete text of the Proposal, which is attached hereto as Exhibit 99.3 to this Amendment No.11 and is incorporated herein by reference. On August 18, 2026, JBS issued a press release in connection with the Proposal, a copy of which is filed as Exhibit 99.4 to this Amendment No. 11 and is incorporated herein by reference. | ||||