Fortune 500 agribusiness and food company obtains arbitration victory arising from purchase price dispute
Clients Fortune 500 company
Jones Day successfully represented a Fortune 500 agribusiness and food company in a post-closing purchase price dispute arising out of our client's purchase of a U.S. food processing business. After our client proposed a significant purchase price adjustment based on EBITDA and working capital issues, the seller took the position that no adjustment was appropriate. The parties arbitrated the dispute, resulting in a significant victory for our client. The arbitrator issued an award to our client that approached eight figures and preserved our client's ability to seek additional damages through other contractual mechanisms.