United States-Pilgrims Pride get a better offer.

UNITED STATES-PILGRIMS PRIDE GET A BETTER OFFER.

Days after rejecting a $40 million offer to sell its to-be-shuttered Farmerville, La., plant, the company is now studying an improved $60 million offer. The initial offer, which was brokered by Louisiana governor Bobby Jindal, would have cost Livingston, Calif.-based Foster Farms $20 million, with the state contributing an additional $20 million. In rejecting the offer, Pilgrim’s said that the offer was too low, and that Foster Farm’s cost-of-entry of $20 million was too low for the industry.

If the Farmerville plant is closed as scheduled, it will result in a loss of 1,300 jobs, along with impacting the local farmers who supplied the chickens to the plant.