Just curious, my friends and I were talking about the SEZ and wondering who could finance it. I was curious as to who are some of the more well off ISU alums and what do they do.
I wasnt aware he was an ISU alum.
You generally don't just cut a check for the amount...you pledge it over 20 years or something.Becker & Underwood sold to a private equity firm almost 10 years before the BASF deal. I would guess B & U still had stock, but I am sure it wasn't a $1 billion deal for them personally.
Also, many people don't realize that the publicized $1 billion acquisition of Albaugh's company didn't go through a few years ago. I would think he is doing quite well financially, but cutting a multi-million dollar check to the ISU athletic department might not be something he is interested in doing.
You generally don't just cut a check for the amount...you pledge it over 20 years or something.
And I could be wrong but I think that transaction was going to be in the $5B+ range...
$1.3B? Chump change.Apparently it was a 1.3 billion dollar deal because of a a weakening price on the market. Albaugh filed a complaint with the US Government against China for dumping a ton of product on the US market which dropped the price of Albaugh's product from $30 a gallon to $12 a gallon.
China is the reason the SEZ hasn't been funded yet. Bastards!