Albaugh acquires Rotam
Client(s) Albaugh, LLC
Jones Day advised Albaugh, LLC in the $197.5 acquisition of Rotam Global AgroSciences Limited, a company headquartered in Hong Kong and publicly listed on the Taiwan Stock Exchange.
The parties announced on December 21, 2021, the entry of an agreement under which Albaugh acquired all outstanding shares in Rotam through a merger under Cayman Islands law between the holding company of Rotam and an entity in the Albaugh group of companies. The transaction was an all-cash transaction with a consideration of NT$26.23 per share for all issued and outstanding shares in Rotam corresponding to a total consideration of approximately $197.5 million net of cash and debt at current exchange rates, representing a 73% premium over the average closing price of Rotam over the past 12 months.