- Published on Sunday, 24 April 2011 19:50
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They are speaking about Beaupost's, Highland Companies buying Melancthon Township Farmland of course....
Baupost Group, a $14 billion, Boston-based hedge fund, headed by investment guru Seth Klarman. In partnership with Baupost, Lowndes founded Highland in 2006 to develop resources in Melancthon Township. Late that year, after extensive research, Lowndes approached a number of landowners, offering them $8,000 an acre, 30 per cent or so above market value. Lowndes hoped, he says modestly, to get 1,500 acres to run a profitable potato operation.