Cargill and Continental Grain Joint Venture to Acquire Sanderson Farms for $203 per Share

October 21, 2021

Sanderson Farms stockholders approved a previously announced agreement under which a joint venture between Cargill and Continental Grain will acquire Sanderson Farms for $203 per share in cash. After closing, Sanderson Farms will be combined with Wayne Farms (a Continental Grain subsidiary) to form a new, privately held poultry business expected to close in Q4 2021 or Q1 2022.

Buyers
Cargill, Continental Grain Company
Targets
Sanderson Farms, Inc.
Industry
Food & Beverage
Location
Mississippi, United States
Transaction Type
Buyout

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