Tuesday, May 29, 2012

Marubeni to Buy Gavilon for $3.6 Billion

http://www.marubeni.com/news/2012/120529e.html
Marubeni Corp. said Tuesday it will buy Gavilon Group LLC, the U.S.'s third-biggest grain handler, for $3.6 billion excluding debt, in a deal that will make it one of the world's largest grain traders. 
Marubeni previously reported Q4 2011 results; the consolidated net income  Apr.2011-Mar. 2012
was at a historical high, up 26% from the same period last year. Revenue rose 19%.