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

  • June 23, 2021

POTENTIAL DEAL DETAILS

Stock Sanderson Farms, Inc. Symbol SAFM
Date Announced 06/21/2021 Source Wall Street Journal
Type News Report
Date of Confirmation: 08/09/2021 Price 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.

Update(s):

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.

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