Sanderson Farms Stockholders Approve Combination with Cargill and Continental Grain Company
Sanderson Farms, Inc. announced that at a special meeting of stockholders held earlier today, its stockholders approved the previously announced agreement for a joint venture between Cargill and Continental Grain to acquire Sanderson Farms for $203 per share in cash. Upon completion of the transaction, Cargill and Continental Grain will combine Sanderson Farms with Wayne Farms, a subsidiary of Continental Grain, to form a new, privately held poultry business.
“We are pleased Sanderson Farms stockholders approved this transaction and thank them for their support,” said Joe Sanderson, Chairman...
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