PITTSBURG, Texas � Pilgrim’s Pride said today it has emerged from Chapter 11 bankruptcy protection after a 13-month restructuring.

The reorganized company issued 64 percent of its common stock to JBS USA Holdings, Inc. in exchange for $800 million in cash. The remaining 36 percent of the common stock of the reorganized company was issued to stockholders existing immediately prior to the effective date. Proceeds from the sale of the common stock of reorganized Pilgrim’s Pride to JBS are being used to fund cash distributions to unsecured creditors.

The reorganized company’s common stock will begin trading Tuesday on the New York Stock Exchange under the symbol PPC.