Pilgrim's Pride Corporation (NasdaqGS:PPC) entered into a definitive agreement to acquire GNP Company from The Maschhoffs LLC for $350 million in cash on November 29, 2016. The transaction has been unanimously approved by Board of Pilgrim's Pride Corporation. GNP Company’s team members and family farmer partners will join Pilgrim's team. The transaction is subject to subject to regulatory review and approval and customary closing conditions and is expected to close during the first quarter of 2017. The transaction is expected to be immediately accretive to earnings per share in 2017. Pilgrim's Pride Corporation (NasdaqGS:PPC) completed the acquisition of GNP Company from The Maschhoffs LLC on January 6, 2017.