December 8, 2006 Dear Gold Kist Producers:Merger Agreement • December 11th, 2006 • Gold Kist Inc. • Poultry slaughtering and processing
As I informed you in my last letter, Gold Kist and Pilgrim’s Pride Corporation have entered into a definitive merger agreement to create the largest chicken company in the United States. We believe that this transaction will be in position to close at the end of December, and Pilgrim’s Pride will acquire all the outstanding shares of Gold Kist common stock for $21 a share shortly thereafter.
