Wednesday, March 18, 2009

VeraSun clears Valero's $477 million ethanol bid (VLO)

Nothing like a little bankrutcy to find a clearing price. Maybe the bank enthusiasts, both in Washington and on The Street, should take note.
From MarketWatch:
VeraSun Energy Corp. said that Valero Energy emerged as the winning bidder for seven of its facilities as the bankrupt ethanol maker fetched a total of $993 million in bids for 17 plants....MORE