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Oil & Gas Refining & Marketing M&A image Oil & Gas Refining & Marketing M&A » By The Online Investor Staff, updated Fri., Oct. 22, 5:38 PM Recent mergers and acquisitions in the Oil & Gas Refining & Marketing M&A category.

Slide #19. Renewable Energy Group, Inc. Syntroleum Corporation

Acquirer: Renewable Energy Group, Inc. (REGI)
Acquiree: Syntroleum Corporation (SYNM)
Details: Renewable Energy Group, Inc. (NASDAQ:REGI) and Syntroleum Corporation (NASDAQ:SYNM) announced today that they have entered into an asset purchase agreement pursuant to which REG would acquire substantially all of the assets of Syntroleum Corporation, and assume substantially all of the material liabilities of Syntroleum. The terms of the transaction call for Syntroleum to receive 3,796,000 shares of REG common stock (subject to reduction in the event that the aggregate market value of the REG common stock to be issued would exceed $49 million or if the cash transferred to REG is less than $3.2 million).

Renewable Energy Group is a holding company. Through its subsidiaries, Co. focuses on providing transportation fuels. Co. is a producer of biofuels. Co.'s businesses are organized into the following reportable segments, the Biomass-based Diesel segment and the Services segment. Co.'s Biomass-based Diesel segment includes the operations of the biomass-based diesel production refineries. Co.'s Services segment, which primarily provides services to its Biomass-based Diesel Segment, includes biomass-based diesel facility management and operational services, whereby it provides day-to-day management and operational services to biomass-based diesel production facilities.

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Renewable Energy Group is a holding company. Through its subsidiaries, Co. focuses on providing transportation fuels. Co. is a producer of biofuels. Co.'s businesses are organized into the following reportable segments, the Biomass-based Diesel segment and the Services segment. Co.'s Biomass-based Diesel segment includes the operations of the biomass-based diesel production refineries. Co.'s Services segment, which primarily provides services to its Biomass-based Diesel Segment, includes biomass-based diesel facility management and operational services, whereby it provides day-to-day management and operational services to biomass-based diesel production facilities.

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Company Name: 
Renewable Energy Group, Inc.
Stock buyback: 
REGI buyback
Website: 
www.regi.com
Sector: 
Specialty Chemicals
Number of ETFs Holding REGI: 
64
Total Market Value Held by ETFs: 
$849.44M
Total Market Capitalization: 
$2.77B
% of Market Cap. Held by ETFs: 
30.65%
Company Name: 
Syntroleum Corp
Website: 
www.syntroleum.com
Sector: 
Oil & Gas Refining & Marketing
 

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