Friday, 6 March 2015
Last updated 3 hours ago
Jun 24 2008 | 2:00am ET
An Ospraie Management hedge fund has bought ConAgra Foods’ commodity-trading unit.
The firm’s Special Opportunities Fund will pay about $2.8 billion for the ConAgra Trade Group, which manages grain elevators, rail cars and barges. The price—$2.2 billion in cash and $550 million in debt securities—is 29% higher than the price agreed to in March, due to an increase in the unit’s book value.
The Trade Group is to be renamed Gavilon after the sale is completed.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…