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January 19, 2011

Cargill, the world’s largest agricultural commodities trader, will sell its shares in fertiliser company Mosaic, in a move designed to ensure the company remains 100% privately owned.

Cargill, the world's largest agricultural commodities trader, will sell its shares in fertiliser company Mosaic, in a move designed to ensure the company remains 100% privately owned.  

Founded nearly 150 years ago, the Minnesota-based company is still controlled by around 80 members of the Cargill and MacMillan families. The company said in a statement that the Mosaic transaction would help it accomplish the objective of "maintaining its status as a private company".

January 11, 2011

Hugh Hefner, founder of iconic consumer brand Playboy, has finally succeeded in his bid to regain control of the company he founded nearly 60 years ago.

Hugh Hefner, founder of iconic consumer brand Playboy, has finally succeeded in his bid to regain control of the company he founded nearly 60 years ago.

Playboy Enterprises Inc announced on 10 January that it has agreed to accept the offer from Icon Acquisition Holdings, a limited partnership controlled by Hefner, to take the company private for a total of $207 million.

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