Green Plains offers 0.3913 shares per GPP unit, valuing deal at $13.08/unit

Green Plains Inc.

GPRE proposes acquiring all publicly held GPP common units in a stock-for-unit exchange at 0.3913 GPRE shares per unit, valuing GPP at $13.08/unit based on May 3 closing prices.
Transaction subject to negotiation of definitive agreement, approvals from GPRE board, GPP board, and conflicts committee; no assurance of completion.
GPRE expects the deal to simplify corporate structure, generate earnings and cash flow accretion, reduce SG&A, and improve credit quality.
If completed, GPP would become a wholly owned subsidiary of GPRE and its common units would cease to be publicly traded.
BofA Securities is exclusive financial advisor; Latham & Watkins is legal advisor to GPRE.

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