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Pilgrim’s Pride Successfully Emerges from Bankruptcy

Pilgrim’s pride has successfully emerged from bankruptcy protection under Chapter 11 of the United States Bankruptcy Code providing full cash payment of $2.4 billion to creditors and $450 million in stock to equity holders. CRG Partners acted as Chief Restructuring Officer and Financial Advisor to Pilgrim’s Pride Corporation.

 

Press Release

CRG Partners Announces Client Pilgrim’s Pride Successfully Emerged from Bankruptcy

 

Award Finalist

CRG Partners is proud to be selected as a finalist for the M&A Advisor’s 4th Annual Turnaround Awards in the following categories: Turnaround of the Year ($100 million and above), Chapter 11 Reorganization of the Year ($100 million and above) and Turnaround Consulting Firm of the Year.

Read M&A Advisor press release (PDF)

 

In the News

Bankruptcy Professional
Spotlight: William K. Snyder

Reuters
Pilgrim's Pride Bucks Trend In Classic Turnaround

The Wall Street Journal
The Quickie Bankruptcy

The Deal
Pilgrim's Pride leaves Ch. 11 controlled by JBS

Watt Poultry
Podcast: Turnaround at Pilgrim's Pride
Thursday, January 07, 2010
Winston Mar, managing director at CRG Partners, talks with Gary Thornton about the turnaround at Pilgrim's Pride and its emergence from bankruptcy.
Reposted with permission of WATT Poultry USA. To sign up for a subscription, please visit: wattagnet.com

 

Case Study

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