Wednesday, February 9, 2011

Greenlight Capital's David Einhorn Acquires BioFuel Energy Shares (BIOF)

From Market Folly:
Greenlight Capital hedge fund manager David Einhorn just filed an amended 13D and Form 4 with the SEC regarding his position in BioFuel Energy (BIOF). Per the amended 13D filing, Einhorn now shows a 40.8% ownership stake in BIOF with 42,818,004 shares. We've also recently posted other Greenlight portfolio activity for those interested.

David Einhorn's various investment entities (Greenlight Capital funds) have purchased an aggregate of 19,626,775 shares of common stock and 11,307,729 shares of Class B common stock. These shares were purchased via rights offering and the net investment made in the private placement was $17,323,322.24....MORE