Cohen's SAC Capital Accumulates 7.1% Stake in Sanderson Farms (SAFM)
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In a 13G filing on Sanderson Farms Inc. (Nasdaq: SAFM), Steven Cohen's SAC Capital disclosed a 7.1% (1,431,143 shares) in the company. The firm did not show a stake in Sanderson Farms at the quarter ended 3/31/08.
SAC is a multi-strategy, private asset management firm founded by Steven A. Cohen in 1992 with 9 employees and $25 million in assets under management. As of September 2007, the firm has grown to over 800 employees with approximately $14 billion in assets.
Sanderson Farms, Inc., an integrated poultry processing company, engages in the production, processing, marketing, and distribution of fresh and frozen chicken products in the United States.
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