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Article: United States : Green Plains Renewable Energy, Inc. Enters Into Merger Agreements With VBV LLC and Its Subsidiaries.
- Article from:
- TendersInfo
- Article date:
- May 8, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: mayur03
Green Plains Renewable Energy, Inc. and VBV LLC, together with its subsidiaries, today announced that they have entered into a definitive merger agreement. Upon closing, the companies will combine, creating a vertically-integrated ethanol company with expected operating capacity of 330 million gallons of ethanol per year. The proposed merger is expected to be accretive to Green Plains' earnings beginning in fiscal year 2009. The transaction is anticipated to close by late summer, subject to various shareholder and equity holder approvals, and customary lender and regulatory consents.
"The proposed merger will create one of the nation's ...
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