VeraSun Obtains $280M “Stalking Horse” Bid from Valero for Six Ethanol Facilities; Seeking to Sell All Assets
Green Car Congress
FEBRUARY 7, 2009
VeraSun and 24 of its subsidiaries filed petitions for relief under chapter 11 of the US Bankruptcy Code in the US Bankruptcy Court in Wilmington, Delaware on 31 October 2008. VeraSun hedged its corn purchases during the price spike in the summer of 2008 when cost per bushel had soared to nearly $8. Earlier post.).
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