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Loeb & Loeb Represents Margaret Cargill Charitable Trusts in Multi-Billion Dollar Transactions to Exchange Trusts' Cargill, Inc. Stock for The Mosaic Company Stock, and to Monetize The Mosaic Company Stock

A bi-coastal, cross-practice Loeb & Loeb team represented the trustees of the charitable trusts of the late Margaret Cargill, the largest individual shareholder of Cargill, Inc., in consummating a series of landmark agreements whereby Cargill will distribute part of its 64% stake in The Mosaic Company, a large publicly held fertilizer company, to the trusts in exchange for their Cargill stock. Over time, the trusts will sell their Mosaic stock, in order to fulfill their charitable missions. If the sales are completed as contemplated, the estimated $9 billion in proceeds (based on current valuations) will make the Cargill trusts among the largest charitable foundations in the country.

New York partners David Fischer, Angela Dowd, Alan Tarr and Norwood Beveridge handled corporate and tax matters related to this transaction on behalf of the Cargill trustees. Los Angeles partners Leah Bishop, Linda Deitch and Stuart Tobisman advised the trustees on the estate, trusts and charitable aspects.