EL DORADO, Ark. -- Pilgrim's Pride has rejected a bid by a poultry company that wanted to buy Pilgrim's shuttered chicken processing plant in El Dorado, Ark.
A federal bankruptcy judge ordered Pilgrim's and the El Dorado Poultry Co. to go into mediation and try to agree on a sale of the property.
Pilgrim's filed for bankruptcy protection from its creditors last December. About 1,500 people worked at the El Dorado plant before it began laying off employees prior to closure on May 8.
El Dorado Chamber of Commerce Chairman Don Wales said details of the local offer for the plant were not made public.
The bankruptcy court gave the sides two weeks to negotiate.
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