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(Reuters) – Craven ambassador Sanderson Farms Inc is in avant-garde talks with Cargill Inc and agronomical advance close Continental Grain Co to advertise itself in a $4.5 billion deal, the Wall Street Journal appear on Sunday.
The abeyant accord could amount Sanderson Farms at $203 a share, the bi-weekly appear https://on.wsj.com/3jEpIsE. The accord could be accomplished as anon as Monday, it added.
According to a Reuters address from June, Sanderson Farms had fatigued absorption from buyers including Continental Grain, which owns a abate craven processor, Wayne Farms.
“While we don’t animadversion on bazaar rumors, Cargill is a advance aggregation and we are consistently attractive for new opportunities,” a Cargill agent told Reuters.
Sanderson Farms and Continental Grain were not anon accessible to acknowledge to requests for animadversion alfresco appointment hours.
Talk about a abeyant accord comes at a time aback appeal for the company’s articles is on the acceleration as restaurants reopen for business.
Prices of craven products, abnormally those of wings and breasts, accept risen as abatement restrictions accompany consumers aback to restaurants and added fast-food chains actualize fried-chicken sandwiches.
(Reporting by Aakriti Bhalla in Bengaluru; added advertisement by Radhika Anilkumar; alteration by Richard Pullin)
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