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US BioEnergy Snaps Up Millennium Ethanol
By Mr Ethanol | August 28, 2007
BizJournals:
US BioEnergy Corp. announced late Monday that it would pay $133.3 million in cash and stock to acquire Millennium Ethanol.
St. Paul-based US BioEnergy said the deal for the the Marion, S.D.-based ethanol producer would include about $11.8 million in cash and 11.5 million shares of common stock valued at $10.57 per share.
The companies had first announced the deal in May.
Millennium unitholders would receive 18 cents and 0.17 shares of US BioEnergy stock for each class A unit held, and 59 cents and 0.57 shares of US BioEnergy stock for each class B unit. Unitholders of class C shares will receive 19 cents and 0.18 shares of US BioEnergy stock.
Topics: BizOp, Energy, Ethanol, Industry, News, Stock Market |
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