(Reuters) - 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. 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. Sanderson Farms and Continental Grain were not immediately available to respond to requests for comment outside office hours. Prices of chicken products, especially those of wings and breasts, have risen as easing restrictions bring consumers back to restaurants and more fast-food chains create fried-chicken sandwiches.

Source: Wall Street Journal May 03, 2024 21:37 UTC