/cloudfront-us-east-2.images.arcpublishing.com/reuters/CR75DUPEOBLQ5AYY225HBAR65E.jpg)
Chicken producer Sanderson Farms Inc 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.
The potential deal could value Sanderson Farms at $203 a share, the newspaper reported https://on.wsj.com/3jEpIsE. The deal could be finalized as soon as Monday, it added.
According to a Reuters report from June, Sanderson Farms had drawn interest from buyers including Continental Grain, which owns a smaller chicken processor, Wayne Farms.
“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. Sanderson Farms and Continental Grain were not immediately available to respond to requests for comment outside office hours. 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.
