Cargill, Continental Grain Company, and Sanderson Farms have reached a definitive agreement for a joint venture between Cargill and Continental Grain to acquire Sanderson Farms for $203 per share in cash, representing a total equity value for Sanderson Farms of $4.53 billion. The purchase price represents a 30.3% premium to Sanderson Farms’ unaffected share price of $155.74 on June 18, 2021, the last full trading day prior to media speculation about the potential sale of Sanderson Farms; a 22.8% premium to the Sanderson Farms 30-day volume weighted average price as of June 18, 2021, and a 15.2% premium to the all-time high share price as of June 18, 2021. 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.

Farmer Focus Organic Poultry adds turkey to its lineup of humanely raised chicken, bringing delicious poultry to the Thanksgiving table. Each Farmer Focus Broad Breasted Bronze Turkey is humanely raised on an independent family farm in the picturesque Shenandoah Valley. Unlike commercially bred birds, this breed of heirloom turkey has a long purebred lineage. This means they grow more slowly, as did farm-raised birds of the past. That longer grow time leads to a more tender, juicier, and better-tasting bird.

IPPE 2019 will bring together more than 1,200 exhibitors and 30,000 visitors as well as 8,000 international visitors from 125 countries.
 

The 2018 International Production & Processing Expo (IPPE) will surpass 514,000 square feet of exhibit space and secure more than 1,110 exhibitors at the Georgia World Congress Center in Atlanta Jan. 30-Feb. 1.