Sanderson Farms (NASDAQ:SAFM) rallies on a Wall Street Journal report that the poultry company is considering a sale.
Sources indicate that Sanderson Farms has tasked Centerview Partners for advice on selling itself. Continental Grain Co. is said to be one of the parties with an early interest.
Shares of Sanderson Farms are up 17.81% on a YTD basis and closed today with a market cap of around $3.5B. SAFM is up another 9.82% in AH trading after closing the regular session with a gain of 8.67%.