Sanderson Farms Offering 2 Million Shares

Poultry producer Sanderson Farms Inc. is conducting a public offering of 2 million shares of common stock.

The Mississippi-based Sanderson Farms says it will use net proceeds to help finance construction of a new retail poultry complex in Kinston, and a potential new poultry complex that would be located near Goldsboro.

Pending those uses, Sanderson Farms says it may used the proceeds to cut debt and invest in cash and cash equivalents. Some of the invested proceeds may be used as working capital and for general corporate purposes.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by To Anon on Mar 30, 2010 at 03:55 AM
    Guess you didn't get the job... learn not to badmouth a prospective employer.
  • by Anon Location: Ayden on Mar 29, 2010 at 04:17 PM
    I had a job interview with Sandersons recently. The interviewer went on and on about how stable the company was and stated that the new plant in Kniston would be paid for when completed. I guess this is how it's being paid for.
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