Tuesday, August 23, 2016 2:56:03 PM
Omaha-based Green Plains said Tuesday it had signed a letter of intent to buy a company in the “food-ingredients industry.”
Green Plains, which primarily is in the ethanol production and marketing business, said the food-industry purchase would be “complementary” to its existing businesses. It didn’t name the ingredients company, saying only that it had entered into a nonbinding letter of intent with the target firm.
The purchase price is expected to be between $225 million and $275 million, Green Plains said in a government filing. The business would be purchased using cash on hand and debt, according to the filing.
Green Plains said “that as part of its growth strategy it plans to opportunistically invest in the food and feed ingredients market.”
The current discussions are only in the preliminary stages, Green Plains said; if it happens, the transaction could be complete in the third quarter of this year.
Green Plains, which had sales last year of around $3 billion, is No. 742 on Fortune Magazine’s list of the 1,000 largest U.S. companies; its chief executive, Todd Becker, has said he wants it to be Omaha’s next Fortune 500-sized firm.
http://www.omaha.com/money/green-plains-seeks-to-buy-food-ingredients-firm/article_4b4b981b-c76d-5fe6-883e-826c4c6bf493.html
Good Luck To All!$!$!$
Recent GPRE News
- Green Plains to Participate in BMO Global Farm to Market Conference • Business Wire • 05/07/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/07/2024 08:13:31 PM
- Form S-3ASR - Automatic shelf registration statement of securities of well-known seasoned issuers • Edgar (US Regulatory) • 05/06/2024 08:41:28 PM
- Green Plains Reports First Quarter 2024 Financial Results • Business Wire • 05/03/2024 10:55:00 AM
- Green Plains to Host First Quarter 2024 Earnings Conference Call on May 3, 2024 • Business Wire • 04/18/2024 08:05:00 PM
- Green Plains Releases 2023 Sustainability Report • Business Wire • 04/09/2024 12:30:00 PM
- Green Plains Unveils New Specialty Feed Ingredient Brand • Business Wire • 04/04/2024 12:30:00 PM
- Green Plains Begins Commissioning of the Demonstration Facility Combining Fluid Quip Technologies’ MSC™ with Shell Fiber Conversion Technology • Business Wire • 03/25/2024 12:15:00 PM
- Green Plains to Participate in 36th Annual ROTH Conference • Business Wire • 03/11/2024 08:15:00 PM
- Green Plains to Participate in Bank of America 2024 Global Agriculture and Materials Conference • Business Wire • 02/21/2024 09:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 09:24:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 09:20:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 09:17:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 09:14:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 09:12:02 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/20/2024 09:28:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 09:38:11 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 11:52:30 AM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/09/2024 08:11:28 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 02/07/2024 09:24:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/07/2024 01:45:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/07/2024 11:57:46 AM
- Green Plains Reports Fourth Quarter and Full Year 2023 Financial Results • Business Wire • 02/07/2024 11:55:00 AM
- Green Plains to Host Fourth Quarter and Full Year 2023 Earnings Conference Call on February 7, 2024 • Business Wire • 01/25/2024 09:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/12/2024 09:10:20 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM