TPG Capital's $880M Bid Wins Over Aussie Poultry Giant

Law360, New York (March 11, 2013, 1:08 PM EDT) -- The owner of Australia's biggest poultry producer agreed Saturday to hand over his family's business to investment firm TPG Capital in a deal reportedly worth $880 million, capping off months of speculation over which private equity giant would win over the company.

Ingham Enterprises Pty. Ltd. did not name the purchase price, but several news outlets cited unnamed sources to make their estimates. Texas-based TPG did not confirm the deal's terms or sketch out its financing plans.

In choosing a buyer, the 95-year-old family-owned Ingham Enterprises...
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