Longtime Firm Client Sanderson Farms Acquired by Cargill, Continental Grain for $4.5B
July 22, 2022
Sanderson Farms, Inc. (NASDAQ: SAFM) completed today its acquisition by a joint venture between Cargill and Continental Grain Company. Sanderson Farms was acquired for $203 per share in cash, which represents a total equity value for Sanderson of $4.53B. The planned acquisition was first announced on Aug. 9, 2021.
The joint venture combines Sanderson Farms with Continental Grain subsidiary, Wayne Farms, to form a new privately held poultry company named Wayne-Sanderson Farms. Click here to read Cargill’s press release.
Fishman Haygood LLP served as co-counsel to Sanderson Farms together with Wachtell, Lipton, Rosen & Katz and Brunini, Grantham, Grower & Hewes, PLLC. The Fishman Haygood team was led by partners Louis Fishman and Maureen Gershanik.
“Louis Fishman took Sanderson Farms public in 1987 and provided superior service and counsel for more than 35 years,” says Gershanik. “I was honored to join him in the representation 20 years ago and have learned everything from him.”
Our attorneys represent acquirer and target companies in a variety of transactions involving mergers, negotiated stock acquisitions, asset acquisitions and other corporate restructuring transactions. Click here to learn more about the firm’s M&A group.