Green Plains Renewable Energy cashes out NTR investment

In Nebraska, Green Plains Renewable Energy (GPRE) announced that they are repurchasing 3.7 million shares of common stock from their largest investor, NTR Plc of Ireland.  They have also announced the pricing of an underwritten public offering of 3.0 million shares of its common stock by NTR at a public offering price of $10.41 per share.

NTR has also granted the underwriter a 30-day option to purchase an additional 450,000 shares. The Company will not receive any proceeds from the sale of shares. The closing of the public offering is expected to take place on March 6. Jefferies & Company, Inc. is acting as sole bookrunner for the public offering.