Cargill Hedge Fund Buys Stake In AgriNurture For $30M

Law360, New York (October 3, 2011, 9:29 PM EDT) -- Cargill Inc. subsidiary Black River Asset Management LLC will acquire 28 percent of Philippine fruit wholesaler AgriNurture Inc. for $30 million, AgriNurture said Friday in a disclosure to the Philippine Stock Exchange.

AgriNurture announced that it had accepted a term sheet from the hedge fund Black River Capital Partners Fund (Food) LP, which is overseen by the management company.

Under the term sheet, Black River will buy 28.11 percent equity in the company for $30.45 million, subject to legal, tax and financial due diligence. The parties...
To view the full article, register now.