JBS S.A.’s £1.0 Billion Sale of Moy Park to Pilgrim’s Pride Corporation

On September 11, 2017, JBS S.A. (“JBS”) and Pilgrim’s Pride Corporation (“Pilgrim’s Pride”) announced that Pilgrim’s Pride has acquired Moy Park, a leading poultry and prepared foods supplier with operations in the United Kingdom and Continental Europe, from JBS. Cravath represented JBS in connection with the transaction.

The Cravath team was led by partner David Mercado and included associates Jonathan Coleman and Dominic J. T. Nelson on M&A matters; partner Michael S. Goldman and associate Matthew M. Kelly on finance matters; associates Damien J. Rose and Andrew L. Mandelbaum on tax matters; associates Daniel P. Herrmann, Brian B. Kennedy and Sally Ye on executive compensation and benefits matters; partner Julie A. North, senior attorney Jesse M. Weiss and associate Molly M. Jamison on antitrust matters; practice area attorney Anthony N. Magistrale and associate Sean M. Gholz on intellectual property matters; senior attorney Annmarie M. Terraciano on environmental matters; and practice area attorney Brian M. Budnick on real estate matters‎.