Chicken producer Sanderson Farms Inc (SAFM.O) is in advanced talks with Cargill Inc and agricultural investment firm Continental Grain Co to sell itself in a $4.5 billion deal, the Wall Street Journal reported on Sunday.
A truck laden with chicken leg quarters leaves Sanderson Farms poultry processing plant enroute to Mexico, in Palestine, Texas, U.S., January 17, 2018. Photo taken January 17, 2018. REUTERS/Jason Langeis in advanced talks with Cargill Inc and agricultural investment firm Continental Grain Co to sell itself in a $4.5 billion deal, the Wall Street Journal reported on Sunday.. The deal could be finalized as soon as Monday, it added.
"While we don’t comment on market rumors, Cargill is a growth company and we are always looking for new opportunities," a Cargill spokesperson told Reuters. Talk about a potential deal comes at a time when demand for the company's products is on the rise as restaurants reopen for business.
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