Well, it looks like Pilgrim's Pride Corp. got cooked over the Thanksgiving weekend because the poultry-processing company filed for Chapter 11 bankruptcy protection Monday morning.
In October, Dealscape had suggested that if Pilgrim's Pride did not find a buyer quickly, it would likely file for bankruptcy because the company still had to negotiate a deal with lenders by Oct. 28 and recapitalize to pay off a $25.7 million bond payment due in November. On Sept. 30, that the company announced it had hired Lazardto explore strategic alternatives, including refinancing and a recapitalization of the company.
By Chelsea A. Grayson and Mary C. Warner, Jones Day
Terms and structures now used to get deals done are post-closing purchase price payments, earnouts, simultaneous acquisitions, rollups, payments in kind and joint ventures.
Well, it looks like Pilgrim's Pride Corp. got cooked over the Thanksgiving weekend because the poultry-processing company 
