JBS S.A. (BOVESPA:JBSS3) said on February 17, 2022 it withdrew a proposal to acquire the remaining shares of its Pilgrim's Pride Corporation (NasdaqGS:PPC). The company said in a securities filing it was unable to come to an agreement with Pilgrim's Pride regarding the terms of the proposed transaction. In August, JBS, announced its plan to acquire the remaining shares of Pilgrim's Pride, aiming to delist the company.

At the time, JBS owned 80.21% of the firm.