Cargill and Continental Grain Company have bought Sanderson Farms.
Sanderson Farms has combined with Wayne Farms, a subsidiary of Continental Grain, forming a poultry firm.
Clint Rivers, CEO of Wayne Farms, said, “I am honored to lead the new Wayne-Sanderson Farms, which brings together a talented team with complementary operations and cultures and a strong commitment to employees, farmers and the communities where we operate. The new company is positioned to serve customers and consumers with high-quality, affordable products.”
BofA Securities acted as financial advisor to Cargill, and Freshfields Bruckhaus Deringer LLP served as legal counsel. Gibson Dunn & Crutcher acted as tax counsel. Centerview Partners LLC acted as financial advisor to Sanderson Farms. Wachtell, Lipton, Rosen & Katz, Fishman Haygood LLP and Brunini, Grantham, Grower & Hewes, PLLC acted as legal counsel. Lazard acted as financial advisor for Wayne Farms and Continental Grain, and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel. Arnold & Porter Kaye Scholer LLP served as special antitrust counsel, and Jones Walker LLP acted as Mississippi counsel.