---
schema_version: "secwatch.filing_event.v1"
accession: "0001309402-23-000141"
form_type: "8-K"
ticker: "GPRE"
cik: "0001309402"
company_name: "Green Plains Inc."
filed_at: "2023-09-18T23:59:59+00:00"
generated_at: "2026-06-10T14:32:44.405381+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Green Plains Inc. to acquire all public units of Green Plains Partners LP in stock-and-cash deal

## Summary
- Per-unit consideration: 0.405 GPRE shares plus $2.00 cash, plus accrued distribution; valued at ~$15.69 as of Sep 15, 2023.
- 20% premium to GPP's $13.08 closing price on May 3, 2023, the day before GPRE's initial proposal.
- Expected to close in Q4 2023; requires approval of majority of GPP common units and other conditions.
- Support agreements cover ~50.1% of GPP common units, including those held by GPRE and affiliates.
- Deal aims to simplify corporate structure, generate earnings accretion, reduce SG&A, and improve credit quality.

## SEC filing metadata
- accession: 0001309402-23-000141
- form_type: 8-K
- ticker: GPRE
- cik: 0001309402
- company_name: Green Plains Inc.
- filed_at: 2023-09-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1309402/000130940223000141/0001309402-23-000141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1309402/000130940223000141/gpre-20230916.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001309402-23-000141
- JSON: https://secwatch.observer/filing/0001309402-23-000141.json
- Plain text: https://secwatch.observer/filing/0001309402-23-000141.txt

## Key facts
- Material Agreements
  Green Plains Inc. entered into Agreement and Plan of Merger with Green Plains Inc., GPLP Holdings Inc., GPLP Merger Sub LLC, Green Plains Partners LP, Green Plains Holdings LLC (effective 2023-09-16).
  - Action: entry
  - Agreement: merger
  - Counterparty: Green Plains Inc., GPLP Holdings Inc., GPLP Merger Sub LLC, Green Plains Partners LP, Green Plains Holdings LLC
  - Effective: 2023-09-16
  source text: On September 16, 2023, Green Plains Inc., an Iowa corporation (“GPRE”), GPLP Holdings Inc., a Delaware corporation and a wholly owned subsidiary of GPRE (“Holdings”), GPLP Merger Sub LLC, a Delaware limited liability company and a wholly owned subsidiary of Holdings (“Merger Sub”), Green Plains Partners LP, a Delaware limited partnership (the “Partnership”), and Green Plains Holdings LLC, a Delaware limited liability company and the general partner of the Partnership (the “General Partner”), entered into an Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which, upon the terms and subject to the conditions set forth in the Merger Agreement, Merger Sub will merge with and into the Partnership, with the Partnership surviving as an indirect, wholly owned subsidiary of GPRE (the “Merger”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1309402/000130940223000141/0001309402-23-000141-index.htm

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