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Slide #80. Renewable Energy Group — LS9
Renewable Energy Group (NASDAQ:REGI)
Renewable Energy Group, Inc. (NASDAQ:REGI) today announced it has acquired leading renewable chemical technology developer LS9, Inc. for a purchase price of up to $61.5 million, consisting of up front and earnout payments, in stock and cash. Most of the LS9 team, including the entire R&D leadership group, will join the newly named REG Life Sciences, LLC, which will operate out of LS9's headquarters in South San Francisco, CA.
Renewable Energy Group is a biofuels producer with a nationwide distribution and logistics system. Co. participates in each aspect of biomass-based diesel production, from acquiring feedstock, managing construction and operating biomass-based diesel production facilities, to marketing, selling and distributing biomass-based diesel and its co-products. To do this, Co. utilizes this nationwide production, distribution and logistics system to focus on converting natural fats, oils and greases into biofuels. Co. owns and operates a network of biorefineries, which are located in the United States and Germany.
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Strong Buy (3.75 out of 4)
(ranked higher than approx. 76% of all stocks covered)
Based on Zacks ABR data;
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