VBV shareholders approve merger with Green Plaains Renewable Energy, will invest $60 million in new equity for GPRE

In Illinois, shareholders at VBV and its subsidiaries Indiana Bio-Energy and Ethanol Grain Processors approved a merger with Green Plains Renewable Energy. The shareholders of Green Plains are expected to approve the merger today, with a closing of the merger scheduled by the end of the month.  In the agreement, VBV shareholders will invest $60 million in new equity for the company, purchasing 6 million shares at $10 per share. GPRE shares are currently trading at $5.37.

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