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Pilgrim Offers $20 for Gold Kist |
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Author: 123jump.com Staff
123jump.com
Last Update: 12:00 PM EDT August 21 2006
Two large deals domninated merger news this morning. Glenborough Realty agreed to be acquired for $26 per share by funds managed by Morgan Stanley Real Estate. Pilgrims Pride made an unsolicited offer to buy Gold Kist at $20 per share. The stock of Pilgrim rose 6% and Gold Kist rose 50% on the news. Market averages at mid-day remain in the negative. European markets closed mostly lower on higher oil price. |
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