SAN FRANCISCO (Thomson Financial) - The Federal Trade Commission has granted
VeraSun Energy Corp. and US BioEnergy Corp. early termination of the waiting
period under the Hart-Scott-Rodino Antitrust Improvements Act for the proposed
merger between the two companies, VeraSun, a Brookings, S. D.-based renewable
fuel producer, said late Wednesday.
The merger, announced Nov. 29, is expected to be completed during the first
quarter of 2008, pending shareholder approval and the satisfaction of other
conditions.
The combined entity will retain the VeraSun name and trade under VeraSun's
existing New York Stock Exchange ticker symbol, VSE.
Upon announcing the merger, the company is expected to have a market
capitalization of around $1.5 billion, VeraSun said in November.
VeraSun stock was trading down 8 cents at $15.20 at the closing bell.
Shares of US BioEnergy, a St. Paul, Minn.-based producer and marketer of ethanol
and distillers grains, closed the regular session up 9 cents at $11.80.
Brigid Gaffikin
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