Marubeni To Cut Gavilon Energy Arm From $3.6B Buyout

Law360, New York (June 10, 2013, 3:25 PM EDT) -- Japan's Marubeni Corp. said Monday that it will slash Gavilon Holdings LLC's energy business from its proposed acquisition of the U.S.-based commodities trader, hacking $1 billion off the transaction's original cash price to knock its value to $2.6 billion.

The adjustment comes more than a year after the Japanese trader in May 2012 announced its plans for a complete takeover of Gavilon, one of North America's biggest movers of grain, fertilizer oil and gas. Initially, the proposal carried a $3.6 billion price tag, plus another $2 billion...
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