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First Signs Of Consolidation In Ethanol Industry
By Mr Ethanol | November 26, 2008
Santa Rosa Press Democrat:
The first salvo may have been fired this week in a long-awaited shakeout for the U.S. ethanol industry.
VeraSun Energy, the nation’s No. 2 
ethanol producer, announced it had received an unsolicited takeover bid one month after seeking bankruptcy protection, and just hours after the nation’s biggest producer, Poet LLC, said it was talking with other companies about buyouts.
Neither Poet nor VeraSun will say if the two are negotiating a deal. VeraSun made the announcement just hours after Poet Chief Executive Jeff Broin said his company was talking with a number of producers.
Topics: Ethanol, Industry, News |
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