The GV, Louis Dreyfus Company and Emart-backed food development platform creator is pursuing a reverse takeover at a $1.35bn valuation.

Benson Hill, a US-based food innovation technology developer backed by internet technology group Alphabet, agricultural goods processor Louis Dreyfus Company (LDC) and supermarket chain Emart, agreed to a reverse takeover yesterday.

The company is merging with Star Peak Corp II, a special purpose acquisition company that listed on the New York Stock Exchange in a $350m flotation in January this year, at a valuation of approximately $1.35bn.

Van Eck Associates Corporation, Hedosophia, Lazard Asset Management, Post Holdings and funds…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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