Poultry Producer Sanderson Farms Considering Acquisition Suitors: Report
Sanderson Farms Inc. (NASDAQ: SAFM ), the nations third-largest poultry producer, is reportedly considering putting itself up for sale. Fowl Play: According to a Wall Street Journal report citing unnamed people familiar with the matter, the Laurel, Mississippi-based company is consulting with New York City financial planner Centerview Partners on a potential sale, with agricultural investment firm Continental Grain Co. identified as a potential suitor. The Journals coverage added that the talks may not result in a sale, although the report also speculated that a deal with Continental could result in combining Sanderson with Georgia-based Wayne Farms LLC , a poultry producer owned by Continental, that would result in a new entity producing roughly 15% of the countrys chicken meat. Sanderson rejected an unsolicited takeover bid from Durational Capital Management in October 2020, stating the offer was too low. See Full story available on Benzinga.com
Poultry Producer Sanderson Farms Considering Acquisition Suitors: Report
Sanderson Farms Inc. (NASDAQ: SAFM ), the nations third-largest poultry producer, is reportedly considering putting itself up for sale. Fowl Play: According to a Wall Street Journal report citing unnamed people familiar with the matter, the Laurel, Mississippi-based company is consulting with New York City financial planner Centerview Partners on a potential sale, with agricultural investment firm Continental Grain Co. identified as a potential suitor. The Journals coverage added that the talks may not result in a sale, although the report also speculated that a deal with Continental could result in combining Sanderson with Georgia-based Wayne Farms LLC , a poultry producer owned by Continental, that would result in a new entity producing roughly 15% of the countrys chicken meat. Sanderson rejected an unsolicited takeover bid from Durational Capital Management in October 2020, stating the offer was too low. See Full story available on Benzinga.com