Green Plains Inc. (GPRE): M&A transaction — Green Plains completes acquisition of Green Plains Partners LP for 0.405 shares + $2.00 cash per unit

Green Plains Inc.

Merger closed Jan 9, 2024; Partnership becomes indirect wholly owned subsidiary of GPRE.
Each GPP public common unit converted into 0.405 GPRE shares plus $2.00 cash plus unpaid distributions.
GPRE issued ~4.7 million shares and paid $29.2 million in cash to unaffiliated unitholders.
Partnership's common units to be delisted from NASDAQ and deregistered under Exchange Act.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Green Plains Inc. completed an acquisition involving Green Plains Partners LP for approximately 4.7 million shares of GPRE Common Stock and paid $29.2 million in cash (closed 2024-01-09).

Action: acquisition
Counterparty: Green Plains Partners LP
Consideration: approximately 4.7 million shares of GPRE Common Stock and paid $29.2 million in cash
Closing: 2024-01-09

Exact text from the filing

of a properly executed certificate of merger with the Secretary of State of the State of Delaware on January 9, 2024. Pursuant to the Merger Agreement, GPRE issued approximately 4.7 million shares of GPRE Common Stock and paid $29.2 million in cash to the GPP Unaffiliated Unitholders as the aggregate Merger Consideration described above. The Merger Agreement is

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Source: SEC EDGAR

accession 0001309402-24-000002

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