Cargill buys Sanderson Farms for $4.5 billion

[greybeard]

Cargill/Continental Grain have gone together to buy Sanderson Farms. Sanderson will then merge with Wayne Farms and Sanderson Shareholders will get $203/share.
The new company will produce about 15% of the total US poultry production.

Cargill and Continental Grain buy Sanderson Farms for $4.53bn

Deal for US poultry producer comes amid boom in demand for chicken meat

www.ft.com

 

[TennesseeTuxedo]

Posted earlier today.

Consolidation Continues

Sanderson Farms (SAFM) – The poultry producer agreed to be acquired for about $4.5 billion, or $203 per share, by privately-held food producer Cargill and agriculture investment firm Continental Grain. The all-cash deal represents an 11.3% premium over Friday’s closing price for Sanderson Farms...

www.cattletoday.com

 

[Dusty Britches]

Since they are supposedly employee owned, I wonder how those line workers are going to fare with this deal? Will they get the profit?