Robinson Bours Family Trust agreed to acquire a 26.67429% stake in Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA) for MXN 13.1 billion on March 25, 2022. Shares will be purchase at price of MXN 81.66 per share. As of September 28, 2022 Board of Directors of Industrias Bachoco S.A.B. de C.V. considered that the proposed price in the potential offer is fair and related parties, to participate in the potential tender offer.

The transaction is expected to close on FTI Capital Advisors, LLC acted as a fairness opinion provider to Industrias Bachoco, S.A.B. Robles Miaja Abogados and Shearman & Sterling LLP acted as legal advisors to Robinson Bours Family Trust.