Family owners of poultry producer Cagle’s Inc and a limited liability company controlled by the company, is withdrawing its offer to acquire approximately 36% of its stock.

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The reason given by president and CEO James Douglas Cagle and his two sons for the withdrawal of the offer was the deterioration of credit markets.


The offer would have seen a merger between the company and an entity created by the Cagle family group. Following the offer, the group would have paid the company’s shareholders US$9 per share in cash.


Cagle’s Inc. are producers of fresh and frozen poultry products.

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