Japan's Marubeni scales back deal for PE-owned Gavilon
Marubeni has scaled back its offer for General Atlantic-owned US grain trader Gavilon by $1 billion after cutting the company's energy trading arm out of the deal.
The Japanese conglomerate had originally offered to pay $3.6 billion for a 100% equity stake in May last year, valuing the trader at $5.3 billion including debt. Marubeni said June 10 that under the...
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