Service Providers
Ospraie Buys ConAgra Unit For $2.8 Billion
June 24, 2008
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.
- Share:
-
-
-
-
-
-
-
-
-
-
Print This
Send This
ReprintsMore News
- Grand Jury Charges Another Hedgie With Insider Trading
- Government, Defense Attorneys Trade Shots In Bear Stearns Hedge Fund Trial
- Citi To Rename Alts. Unit In Preparation For Fundraising Push
- Rajaratnam Bail Upheld, But Travel Restrictions Loosened
- Former Stark Asia Funds Hire Citi Cap. Intro. Specialist
- Robertson Wins $27M Tax Battle Against New York City
- Japanese Hedge Fund Vet. Founds Consultancy
- GLG Posts Loss As Revenue, Fee Income Falls
- Man Beats Own Forecasts, Though Profit Drops
- BofA/Merrill Lynch: Hedge Fund Winning Streak Comes To An End
- Galleon Informant Traded Illegally While At SAC
- African-Focused Asset Manager Launches Mining Hedge Fund
- Touradji Sues Former Employees, Alleging ‘Mismanagement’ And ‘Utter Disregard’
- K1-Linked Businessman Pleads Not Guilty
- TCI Co-Founder Soft-Launches New Hedge Fund
Upcoming Events
This Week's Most Viewed
Guest Contributor
Leveling the playing field? House Committee Approves SEC Registration For Some Private Fund Advisers, Exempts Others
Genna GarverBy Genna Garver, John Brunjes, and Cheri Hoff of Bracewell & Giuliani -- On Oct. 27 the Private Fund Investment Advisers Registration Act of 2009 (H.R. 3818) moved one step closer to becoming law with the 67-1 approval of the U.S. House of Representatives Committee on Financial Services (the "Bill"). More...
- Online Security Can Be A Challenge For Hedge Fund Managers
- Outsourcing Helps Funds Establish Investor Confidence, Cut Costs
- Salus Alpha: UCITS III Hedge Funds Satisfy Demand For Transparency, Liquidity and Capital Protection
More guest contributors
Cleantech Corner
New Private Equity Firm To Focus On Cleantech Sector
Investors this week announced the formation of NewWorld Capital Group, a private equity firm that will invest in middle-market companies and related infrastructure projects in the cleantech sphere. More...
- Soros Announces $1 Billion-Plus Commitment To Clean Energy
- Ambienta Raises $317 Mil. Environmental Fund
- Absolute Return Partners Launches Power Fund
More Cleantech
