The board of directors for the chicken producer and marketer Gold Kist has approved a proposed transaction in which Gold Kist would convert from a cooperative association to a for-profit corporation.
The board of directors for the chicken producer and marketer Gold Kist has approved a proposed transaction in which Gold Kist would convert from a cooperative association to a for-profit corporation. As part of the conversion, Gold Kist would merge into a newly formed corporation called Gold Kist Holdings Inc.
Completion of the conversion requires the approval of Gold Kist members and is also conditioned upon completion of an initial public offering of common stock.