Deal description: Corteva, Inc. (NYSE: CTVA) and Stoller Group, Inc. (“Stoller Group”) announced that Corteva has signed a definitive agreement to acquire Houston-based Stoller Group, one of the largest independent biologicals companies in the industry. Stoller Group has operations and sales in more than 60 countries and 2022 announced forecasted revenues of more than $400 million.
The purchase price of $1.2 billion plus customary purchase price adjustments will be paid at closing which is anticipated to be completed in the first half of 2023 following regulatory approvals and satisfaction of customary closing conditions.
Baker Botts represented a majority of the co-trustees of the trust that owns 100% of Stoller’s outstanding voting shares.
Corteva’s press release can be found here.
Baker Botts Lawyers/Offices Involved:
ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.