Someone Was Secretly Buying Up My Family’s $310 Million Ranch Company. They Needed Only 3% More to Take It

The letter came from a law firm in Denver, and it was three sentences long.

Larkspur Holdings now owns 48% of Ashdown Cattle Company. Larkspur intends to acquire the shares needed for majority control. Larkspur requests a meeting with the board.

Forty-eight percent.

My family has run cattle in the Big Horn Basin of Wyoming since 1902. Two hundred thousand acres, five generations of Ashdowns buried on the hill behind the main house, and a company worth three hundred and ten million dollars on paper.

I’m Quinn Ashdown. Fifty. Divorced, no kids, a black Lab named Deacon, and a CEO job I never really wanted. When my father died, he left me 49% of the company. The rest he split among nineteen relatives.

Which meant that, over two years, while I fought feed prices and cattle markets, my relatives had quietly sold their shares to someone I’d never heard of.

I called my cousin Trent first.

He picked up on the fourth ring, sounding guilty before I’d said a word.

“They offered double the appraisal,” he said. “Quinn, I’ve got two kids in college and a mortgage I can’t carry. What was I supposed to do?”

“Who is Larkspur?”

“I swear I don’t know. Everything went through lawyers.”

By midnight I had called eleven relatives. Every one had sold. Every one said the same thing.

Nobody knew who Larkspur was.

And only one shareholder hadn’t sold.

Aunt Odette.

She owned 3%.

The story continues on the next page…

Continue Reading

Page 1 of 4