Courtesy of Benzinga.
Green Plains Renewable Energy, Inc. (Nasdaq: GPRE) announced today that it has entered into an agreement with affiliates of NTR plc, currently the Company’s largest shareholder, under which the Company will repurchase 3.7 million shares of its common stock at the same price that the underwriter is purchasing shares in the public offering described below, but subject to a maximum repurchase price. Green Plains will purchase the shares using a combination of cash and debt.
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