WSJ reports Brazilian beef company JBS confirms rumors by agreeing to buy Pittsburgh poultry...

|By:, SA News Editor
WSJ reports Brazilian beef company JBS confirms rumors by agreeing to buy Pittsburgh poultry producer Pilgrim's Pride (PGPDQ.PK +5.1%) for $2B, in a move to become an integrated meats company and expand into new markets. Reuters says JBS denies the Web site report.