Chicken maker Sanderson Farms is in advanced talks with agricultural giant Cargill and agricultural investment company Continental Grain to sell the company for $4.5 billion, according to people familiar with the matter.
The deal values Sanderson Farm at $203 a share and could be struck as early as Monday, according to people familiar with the matter.
It was reported in June that Sanderson Farm had attracted interest from buyers, including Continental Grain.
A Cargill spokesman said: "although we do not comment on market rumors, Cargill is a growth company and we are always looking for new opportunities."
With the reopening of US restaurants, demand for chicken products is rising, especially as the price of chicken wings and breasts rises rapidly, as the relaxation of epidemic restrictions brings consumers back to restaurants and more fast food chains are producing fried chicken sandwiches.