Will Cargill buy Sanderson Farms?

Cargill Inc. and Continental Grain Co. are buying U.S. chicken producer Sanderson Farms Inc. for $4.53 billion in cash as demand for poultry and other food products increase. The deal values the Laurel, Mississippi-based company at $203 a share, according to a statement. That’s an 11% premium from the close on Friday.

Does Sanderson Farms still trade on the NASDAQ?

As a result of the completion of the transaction, Sanderson Farms’ shares will no longer trade on the NASDAQ beginning July 22, 2022. As a part of the closing of the transaction, Cargill and Continental Grain have combined Sanderson Farms with Wayne Farms, a subsidiary of Continental Grain, forming a new privately held poultry business.

Does Sanderson Farms still need approval?

It still needs approval from Sanderson Farms stockholders. In trading on Monday after the deal was announced, stock for Sanderson Farms Inc., was up $13.51 to $195.88. Why has the price of chicken gone up?