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The US egg sector has been through one of its more turbulent pricing cycles in recent memory, and one family moved to monetize that cycle near its peak.
Descendants of the founder of Cal-Maine, the country's top egg producer, reaped $320 million from the sale of their controlling stake at a price close to a record high.
Federal authorities, the source notes, alleged the run-up that made that exit so lucrative reflected an effort to rig the market.
The exit and what authorities said A controlling-stake sale near a record is a precise kind of exit. It says the sellers had a view on where the price ceiling was and moved accordingly.
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