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According to WSJ, Sanderson Farms (SAFM) seeking strategic alternatives

  • June 23, 2021


StockSanderson Farms, Inc.SymbolSAFM
Date Announced06/21/2021Source Wall Street Journal
TypeNews Report
Date of Confirmation: 08/09/2021Price at Confirmation: $195.67
Potential Profit: 17.46%Annualized Profit: 130.08%

Poultry giant Sanderson Farms Inc. (SAFM) is exploring a sale, according to people familiar with the matter.


August 08, 2021: Sanderson Farms Inc. (SAFM) is nearing a deal to sell itself for around $4.5 billion, according to people familiar with the matter, as the poultry giant rides a wave of demand for chicken products.

August 09, 2021: Cargill, Continental Grain Company, and Sanderson Farms, Inc. (SAFM) announced 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.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.