Specialty Chemicals M&A » By The Online Investor Staff, updated Thu., Apr. 18, 1:48 PM
Recent mergers and acquisitions in the Specialty Chemicals M&A category.
| This Slide: #31 of 91 |
Slide #31. 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 producer of biofuels focused on providing transportation fuels. Co.'s business segments are: Bio-based Diesel, which includes the operations of the bio-based diesel production refineries, purchases and resales of bio-based diesel, and the renewable portion of sales of biodiesel and renewable diesel blended with petroleum-based diesel, Renewable Identification Numbers and Low Carbon Fuel Standard credits; and Services, which provides services to its Bio-based Diesel segment, includes bio-based diesel facility management and operational services, whereby it provide day-to-day management and operational services to bio-based diesel production facilities.
Open the REGI Page at The Online Investor »
Renewable Energy Group is a producer of biofuels focused on providing transportation fuels. Co.'s business segments are: Bio-based Diesel, which includes the operations of the bio-based diesel production refineries, purchases and resales of bio-based diesel, and the renewable portion of sales of biodiesel and renewable diesel blended with petroleum-based diesel, Renewable Identification Numbers and Low Carbon Fuel Standard credits; and Services, which provides services to its Bio-based Diesel segment, includes bio-based diesel facility management and operational services, whereby it provide day-to-day management and operational services to bio-based diesel production facilities.
Open the SYNM Page at The Online Investor »
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