Cargill and the Continental Grain Company Monday announced a joint-venture agreement to acquire Sanderson Farms, the third-largest poultry producer in the U.S. The all-cash purchase totals $4.53 billion, or $203 per share, a 30.3 percent premium to Sanderson Farms’ share price of $155.74 on June 18, 2021. Cargill and Continental Grain will combine Sanderson Farms with Wayne Farms, a subsidiary …
Sanderson Farms Sued Over Drugs in Poultry
Three of the bigger activist groups filed suit against Sanderson Farms, a major poultry-producing company. Politico’s Morning Ag Report says the Organic Consumers Association, Friends of the Earth, and Center for Food Safety all allege that the company is guilty of false advertising. Sanderson Farms’ chicken is marketed as 100 percent natural. The groups say the chicken contains a range …