Consumer/Retail
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Topics: Agriculture US, Environment, Consumer/Retail,

08/12/2021 SOURCE: apnews.com

With chicken prices soaring, Sanderson Farms sold for $4.5B

With the price of chicken soaring, the third-largest poultry producer in the U.S. is being bought for $4.53 billion. Cargill and Continental Grain have formed a joint venture to acquire Sanderson Farms, paying $203 per share in cash for a company that last year processed more than 4.8 billion pounds of meat.

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