See the source imageChicken 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 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.

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