Syntroleum receives purchase offers, hires Piper Jaffray

July 29, 2013 |

In Oklahoma, Syntroleum has received several unsolicited purchase offers after experiencing a rough economic climate since 2012. The company has since hired Piper Jaffray & Co to scout “strategic alternatives.” Given the favorable commercial environment, the company believes that now is an appropriate time to broadly review its strategic alternatives with respect to its renewable and GTL intellectual property and its ownership and licensing interest in Dynamic Fuels.  The company, whose joint venture with Tyson Foods is Dynamic Fuels LLC, will hold its second-quarter earnings conference call on August 7th.

 

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