SAFM News and Press, Sanderson Farms Inc. From 03/18/22

In December 2021, Chicken prices increased to $2.74 per kg, up a massive 17% from the month prior. The average annual Chicken price is forecast to rise from $2.26 per kg to $2.30 per kg in 2022. - Euro Meat News. Sanderson Farms is the 3rd largest poultry processor in the U.S. and...

Two out of the three new deals announced last week were potential deals in the works. Google is paying $5.4 billion to acquire Mandiant. Four SPAC Business Combinations terminated last week. For further details see: Merger Arbitrage Mondays: Google Acquires Cybersecurity...

Utz Brands has demonstrated attractive performance relative to the market in recent months. This has come on the back of solid fundamental performance, but shares have also gotten a bit pricier. All in all, the company is a solid firm, but still nothing special and with limited up...

Three potential deals come to fruition. Healthcare Trust of America to combine with Healthcare Realty Trust in a stock plus cash deal. Chevron to acquire Renewable Energy Group for $3.15 billion, or $61.50 per share, representing a premium of 40.38%. Cedar Realty Trust enters ...

Sanderson Farms (NASDAQ:SAFM) sale to Continental Grain and Cargill is unlikely to be approved by U.S. antitrust regulators unless some changes are made to the transaction, CNBC's David Faber said. Sanderson Farms dipped 1.3.%. The parties are said to be interested in changing the deal, poten...

The U.S. Justice Dept. is said to probing whether poultry producers may have engaged in alleged anticompetitive sharing about employment practices that may have hurt workers wages. The civil investigation is looking at several poultry companies, according to a WSJ report, which cited people f...

Tegna agrees to be acquired by Standard General after over three years of bidding war. As part of the deal, Tegna shareholders could also receive additional cash consideration in the form of an unusual “ticking fee”. Zendesk (ZEN) terminated its merger agreement with...

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Intel to acquire Tower Semiconductor for $53 a share, representing a premium of almost 60% to Tower's closing price the previous day. Madison Dearborn Partners to acquire MoneyGram International for $11 per share, representing a premium of approximately 50% to MoneyGram’s unaff...

Sen. Elizabeth Warren (D-MA), along with a dozen other lawmakers, is renewing a call for the Justice Department to scrutinize Sanderson Farms' (NASDAQ:SAFM) planned sale to Continental Grain and Cargill because it raises "significant" antitrust concerns.  "We respectfully urge the DOJ to...