Sanderson Farms

Sanderson Farms Stockholders Approve Combination with Cargill and Continental Grain Company

October 27, 2021 Sanderson Farms

Sanderson Farms, Inc. announced that at a special meeting of stockholders, its stockholders approved the previously announced agreement for a joint venture between Cargill and Continental Grain to acquire Sanderson Farms for $203 per share in cash. Upon completion of the transaction, Cargill and Continental Grain will combine Sanderson Farms with Wayne Farms, a subsidiary of Continental Grain, to form a new, privately held poultry business. …

Senator Calls For Close Look At Deal That Would Feed Cargill’s Wichita Operations

August 31, 2021 Daniel McCoy, Wichita Business Journal

A multi-billion acquisition that would help propel Cargill Inc.’s North American protein business headquartered in Wichita is drawing a watchful eye from Republican Sen. Chuck Grassley of Iowa.  …

Tyson Scrambles to Regain Chicken Profit as New Competitor Looms

August 16, 2021 Michael Hirtzer, Yahoo

Tyson Foods Inc., the top poultry producer in the U.S., is racing to get its chicken unit back on track as a new, formidable competitor emerges. …

Cargill and Continental Grain Company to Acquire Sanderson Farms for $203 per Share in Cash and Create a Leading U.S. Poultry Company

August 9, 2021 Cargill

 Cargill, Continental Grain Company, and Sanderson Farms, Inc. (NASDAQ: SAFM) announced today they have reached a definitive agreement for a joint venture between Cargill and Continental Grain to acquire Sanderson Farms for $203 per share in cash, representing a total equity value for Sanderson Farms of $4.53 billion. T …

Chicken Giant Sanderson Farms Reportedly Exploring a Potential Sale

June 24, 2021 Nadine El-Bawab, CNBC

Shares of Sanderson Farms closed at $166.58 on Monday, up 6.96% on the talk of a potential deal. In extended trading, the stock climbed more than 11%, boosting its market cap to more than $3.72 billion. Any buyer would need to pay a premium to that price. …