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GPRE

Green Plains

$25.96

-0.24 (-0.92%)

16:05
10/03/16
10/03
16:05
10/03/16
16:05

Green Plains acquires Fleischmann's Vinegar Company for $250M

Green Plains announced that it has acquired SCI Ingredients Holdings and its wholly owned operating subsidiary Fleischmann's Vinegar Company, the world's largest manufacturer and marketer of food-grade industrial vinegar for $250M, subject to certain post-closing adjustments. Green Plains entered into a definitive stock purchase agreement with the selling shareholders of SCI and is financing the transaction with $135M of debt with the balance paid from cash on hand. A group of lenders led by Maranon Capital provided a $130M term loan and a $15M revolving line of credit for this business unit.

GPRE Green Plains
$25.96

-0.24 (-0.92%)

05/02/16
ROTH
05/02/16
NO CHANGE
Target $20
ROTH
Buy
Green Plains price target raised to $20 from $16 at Roth Capital
Roth Capital analyst Craig Irwin raised his price target for Green Plains to $20 from $16 ahead of Q1 results. Balancing demand growth with debottlenecking, the analyst sees "good potential" for tight summer production capacity. Early slowing of industry-wide capacity and the short-term exit of certain plants support firming fundamentals ahead of the summer driving season, Irwin tells investors in a research note. The analyst reiterates a Buy rating on the shares.
05/04/16
ROTH
05/04/16
NO CHANGE
Target $20
ROTH
Buy
Green Plains should be bought on weakness, says Roth Capital
Roth Capital analyst Craig Irwin recommends using the current weakness in Green Plains' stock to accumulate fresh positions, after the company reported a difficult Q1 results on a materially weaker 2016 margin start than projected. The analyst says he continues to monitor the supply and demand balance, where the outlook for more limited 2016 debottlenecking and continued demand growth points to a more bullish set up for summertime crush margins. Irwin reiterates a Buy rating and $20 price target on the shares.
08/01/16
ROTH
08/01/16
NO CHANGE
Target $25
ROTH
Buy
Green Plains price target raised to $25 from $20 at Roth Capital
Roth Capital analyst Craig Irwin raised his price target for Green Plains to $25 from $20 ahead of results. The analyst expects "strong" Q2 results, with positives to continue through the end of summer driving season, making 2017 consensus estimates look like a "more credible" base earnings scenario. Roth Capital has a Buy rating on the shares.
09/19/16
SPHN
09/19/16
NO CHANGE
Target $25
SPHN
Equal Weight
Green Plains price target raised to $25 from $21 at Stephens
Stephens analyst Farha Aslam raised her price target for Green Plains to $25 from $21 to reflect the benefit of lower corn input costs. The analyst reiterates an Equal Weight rating on the shares.

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