Green Plains and Green Plains Partners Move Forward with Merger After Unitholder Approval

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Green Plains ($NASDAQ:GPRE) and Green Plains Partners have taken a major step forward in their merger process, as unitholders have given their approval for the proposed combination. Green Plains is a publicly traded company (NASDAQ:GPRE) that focuses on the production, marketing, and distribution of ethanol and related by-products. The company owns ten ethanol production facilities, two grain storage facilities, and a retail fuel distributorship. It also supplies feed ingredients to feedlots and dairies, and provides grain handling and storage services through its grain storage facilities. The merger of Green Plains and Green Plains Partners is expected to result in significant cost savings for both companies.

It will also provide a larger, more diversified platform for growth. This move is indicative of the two companies’ commitment to finding innovative ways to increase shareholder value. With this approval, the companies are now even closer to completing their merger and moving forward as one entity.

Stock Price

On Friday, GREEN PLAINS and GREEN PLAINS PARTNERS announced that their proposed merger had been approved by unitholders, and the stock opened at $24.4 and closed at $24.5, up by 0.3% from prior closing price of 24.4. The merger will combine the two companies, creating a larger entity that has the potential to expand further and become a major player in the industry. The merger was initially proposed in February of this year, and both companies have been working toward completing the process ever since. The final approval from unitholders was the last step in the process and marks an important milestone in the growth of both companies. Both companies are optimistic that the merger will provide new opportunities for growth, allowing them to offer more products and services to their customers.

There is also potential to expand into new markets, providing even greater value to shareholders. The completion of the merger marks a significant step forward for Green Plains and Green Plains Partners, and the combined entity is poised to become an even greater force in the industry than either was previously. Together, they are positioned to take advantage of the changing landscape and be well-positioned for success in the years to come. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Green Plains. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Green Plains. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Green Plains. More…

Key Ratios Snapshot

Some of the financial key ratios for Green Plains are shown below. More…

Analysis

GoodWhale has completed an analysis of GREEN PLAINS‘s wellbeing. According to our Star Chart, GREEN PLAINS receives a health score of 5 out of 10 considering its cashflows and debt, indicating that it should be able to safely ride out any potential crisis without the risk of bankruptcy. GREEN PLAINS is strong in liquidity, medium in asset and weak in dividend, growth, profitability. Based on this data, we classify GREEN PLAINS as a ‘rhino’, which we define as a company that has achieved moderate revenue or earnings growth. Investors interested in GREEN PLAINS may be looking for a company that is likely to remain stable over the long term. Its strong liquidity and moderate growth indicate that it has potential to make good returns through its debt and cash flows. Moreover, the fact that it is classified as a ‘rhino’ suggests that it could offer investors steady, mid-level returns even if there is some market volatility. More…

Peers

Green Plains Inc is an American-based biofuel company and is the fourth largest ethanol producer in the United States. Green Plains Inc has three main competitors: REX American Resources Corp, Hypower Fuel Inc, Alto Ingredients Inc. All three companies are based in the United States and are engaged in the business of biofuel production.

– REX American Resources Corp ($NYSE:REX)

REX American Resources Corp is a publicly traded company that explores for, develops, and produces oil and natural gas. The company has a market capitalization of 536.43 million as of 2022 and a return on equity of 9.35%. The company’s primary operations are located in the United States.

– Hypower Fuel Inc ($OTCPK:HYPF)

Alto Ingredients Inc is a food and beverage company with a market cap of 303.4M as of 2022. The company has a return on equity of 9.76%. Alto Ingredients Inc produces and sells food and beverage products. The company offers a variety of food and beverage products, including processed foods, beverages, and snacks. Alto Ingredients Inc also provides a range of services, including food and beverage processing, packaging, and distribution.

Summary

Green Plains, a publicly traded company, has received unitholder approval for its proposed merger with Green Plains Partners. The combined entity is expected to become one of the largest independent ethanol producers and the largest North American fuel storage terminal operators in the world. The merger is expected to create a more diversified business model, providing competitive advantages in scale, cost structure and operational efficiency.

Investors can benefit from the combined entity’s greater access to capital markets, improved liquidity and increased financial flexibility. Furthermore, the entity will gain the ability to better leverage its assets and resources in order to capitalize on anticipated growth opportunities in the near future.