VeraSun Energy Retains Morgan Stanley to Evaluate Strategic Alternatives
19 September 2008 - 4:39AM
PR Newswire (US)
SIOUX FALLS, S.D., Sept. 18 /PRNewswire-FirstCall/ -- In light of
strategic interest expressed by multiple parties during its current
equity offering, VeraSun Energy Corporation ("VeraSun") (NYSE:VSE)
has retained Morgan Stanley to act in an advisory capacity to
evaluate strategic alternatives. In addition, VeraSun suspended its
previously announced equity offering. About VeraSun Energy
Corporation VeraSun Energy Corp. (NYSE:VSE), headquartered in Sioux
Falls, S.D., is a leading producer and marketer of ethanol and
distillers grains. Founded in 2001, the company has a fleet of 16
production facilities in eight states, of which one is still under
construction. VeraSun is scheduled to have an annual production
capacity of approximately 1.64 billion gallons of ethanol and more
than five million tons of distillers grains by the end of 2008.
VeraSun also markets E85, a blend of 85 percent ethanol and 15
percent gasoline for use in Flexible Fuel Vehicles (FFVs), directly
to fuel retailers under the brand VE85(R). For more information,
please visit VeraSun Energy's websites at http://www.verasun.com/
or http://www.ve85.com/. DATASOURCE: VeraSun Energy Corporation
CONTACT: Investors, Patty Dickerson, +1-605-978-7137, , or Media,
Mike Lockrem, +1-605-978-7055, , both of VeraSun Energy Corporation
Web site: http://www.verasun.com/
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