SAFM - DOJ decision on Sanderson Farms/Cargill may happen as early as this week -report

The U.S. Dept. of Justice's decision on Sanderson Farms (NASDAQ:SAFM) $203/share planned sale to Cargill and Continental Grain may come as soon as this week. The companies are committed to the deal and plan to go to court to fight if the antitrust regulator decides to block the transaction, according to a Dealreporter item. Sanderson (SAFM) wants to be compensated if the deal is blocked and is expected to ask for better terms for the combination, Dealreporter said, citing a source familiar. A price of $240/share is not unreasonable in a revised deal.  Sanderson Farms (SAFM) has traded above the $203 deal since earlier this month as some investors appear to hope that the transaction will be blocked and SAFM will be valued solely on its fundamentals, which have been improving due to inflation of chicken prices. CNBC's David Faber in early March reported the sale would likely be blocked unless some changes are

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DOJ decision on Sanderson Farms/Cargill may happen as early as this week -report