February 2012
Deals of the Year 2011: Cargill Inc/The Mosaic Company
|
| Cargill Inc/The Mosaic Company |
| Size |
$7.5 billion customized split-off and debt-for-equity exchange |
| Date |
May 2011 |
| Joint bookrunners |
Credit Suisse, JPMorgan, UBS |
| Adviser to Cargill |
Credit Suisse |
| Adviser to MAC Foundation |
UBS |
| return to the Global Deals of the Year index |
One of the most interesting transactions in the market last year was set in motion a full four-and-a-half years ago. The death on August 1 2006 of Margaret Cargill, the granddaughter of Cargill founder WW Cargill, set in motion a chain of events that would result, in 2011, in one of the more remarkable transactions in recent capital markets history.
Along with a personal fortune estimated by Forbes Magazine at about $1.8 billion, making her the 164th-richest American, Ms Cargill had endowed the trustees of the Margaret A Cargill Philanthropies (MAC) Foundation with her 17% shareholding in the privately owned Cargill. Although the company has never publicly disclosed...
More information on deals of the year
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