---
schema_version: "secwatch.filing_event.v1"
accession: "0001309402-23-000070"
form_type: "8-K"
ticker: "GPRE"
cik: "0001309402"
company_name: "Green Plains Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T21:01:01.901600+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001309402-23-000070
- form_type: 8-K
- ticker: GPRE
- cik: 0001309402
- company_name: Green Plains Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1309402/000130940223000070/0001309402-23-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1309402/000130940223000070/gpre-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001309402-23-000070
- JSON: https://secwatch.observer/filing/0001309402-23-000070.json
- Plain text: https://secwatch.observer/filing/0001309402-23-000070.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.