SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Proxy Statement Pursuant to Section 14(a)
of the Securities Exchange Act of 1934
(Amendment No. )
Filed by the Registrant x
Filed by a Party other than the Registrant ¨
Check the appropriate box:
|Preliminary Proxy Statement||¨||Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))|
|Definitive Proxy Statement|
|Definitive Additional Materials|
|Soliciting Material Pursuant to §240.14a-12|
PILGRIMS PRIDE CORPORATION
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
|x||No fee required.|
|¨||Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.|
|(1)||Title of each class of securities to which transaction applies:|
|(2)||Aggregate number of securities to which transaction applies:|
|(3)||Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):|
|(4)||Proposed maximum aggregate value of transaction:|
|(5)||Total fee paid:|
|¨||Fee paid previously with preliminary materials.|
|¨||Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.|
|(1)||Amount Previously Paid:|
|(2)||Form, Schedule or Registration Statement No.:|
[PILGRIMS PRIDE LOGO]
PILGRIMS PRIDE CORPORATION ANNOUNCES THE PRICING OF $100M OF SENIOR UNSECURED NOTES
Pittsburg, TX, August 13, 2003 Pilgrims Pride Corporation (NYSE: CHX, CHX.a), announced today that it has priced the sale of $100 million of its 9.625% senior unsecured notes due September 15, 2011, in an underwritten public offering at an initial offering price of 103.5% of par.
Pilgrims Pride plans to use the proceeds from the sale of the notes to finance a portion of its acquisition of ConAgra Foods, Inc.s chicken division, thereby reducing the 10.5% subordinated note to be issued to ConAgra Foods, Inc. in connection with this previously announced acquisition.
This announcement does not constitute an offer to sell or solicitation of an offer to buy the notes.
About Pilgrims Pride
Pilgrims Pride Corporation is the second-largest poultry producer in the United States the third-largest in chicken and fifth-largest in turkey and the second largest chicken company in Mexico. Pilgrims Pride employs more than 24,500 persons and operates processing and further processing plants, distribution centers, hatcheries and feed mills in Texas, Arkansas, Arizona, North Carolina, Pennsylvania, Virginia and West Virginia and in Mexico.
Pilgrims Pride products are sold to foodservice, retail and frozen entree customers. The Companys primary distribution is through retailers and restaurants throughout the United States and in the Northern and Central regions of Mexico and to the foodservice industry nationwide in both countries
Important Legal Information
Investors and security holders are urged to read the proxy statement regarding the proposed transaction with ConAgra when it becomes available because it will contain important information. The proxy statement will be filed with the U.S. Securities and Exchange Commission by Pilgrims Pride Corporation and security holders may obtain a free copy of the proxy statement when it becomes available, and other documents filed with the SEC by Pilgrims Pride Corporation, at the SECs web site at www.sec.gov. The proxy statement, and other related documents filed with the SEC by Pilgrims Pride Corporation, may also be obtained for free by directing a request to Pilgrims Pride Corporation at 110 South Texas, Pittsburg, Texas, 75686. Investors may obtain a detailed list of names, affiliations and interests of participants in the solicitation of proxies of Pilgrims Pride Corporation stockholders to approve the transaction at the following address: 110 South Texas, Pittsburg, Texas, 75686.
Richard A. Cogdill
Chief Financial Officer