Green PlainsInc. and Green Plains mates LP Advertise Unitholder blessing of Merger.Green PlainsInc.( NASDAQ GPRE)( “ Green Plains ”) and Green Plains mates LP( NASDAQ GPP)( the “ Partnership ”) moment blazoned that the Partnership’s common unitholders approved that certain Agreement and Plan of Merger, dated as of September 16, 2023( the “ Merger Agreement ”), by and among Green Plains, GPLP effectsInc., a wholly possessed attachment of Green Plains( “ effects ”), GPLP junction Sub LLC, a wholly possessed attachment of effects( “ Merger Sub ”), the Partnership, and Green Plains effects LLC, the general mate of the Partnership, and the deals contemplated thereby, including the junction of Merger Sub with and into the Partnership, with the Partnership surviving as an circular, wholly possessed attachment of Green Plains( the “ Merger ”).
The blessing of the Merger Agreement and the Merger needed the affirmative vote or written concurrence of the holders of a maturity of the Partnership’s outstanding common units. The holders of further than 62 of the Partnership’s outstanding common units as of the record date for the concurrence supplication acceded to and approved the Merger Agreement and the Merger by spoken concurrence. The deadline for the concurrence supplication expired at 1159p.m.( Eastern Time) on January 4, 2024.
The Merger is subject to customary ending conditions and is anticipated to close on January 9, 2024, at which time the Partnership will commence the process of delisting the common units from Nasdaq and deregistering the common units under the Securities Exchange Act of 1934, as amended( the “ Exchange Act ”). The Partnership’s common units are anticipated to continue to trade on Nasdaq until the close of trading on January 9, 2024, and are anticipated to be suspended from trading on Nasdaq effective as of the opening of trading on January 10, 2024.
About Green PlainsInc.
Green PlainsInc.( NASDAQ GPRE) is a leading biorefining company concentrated on the development and application of turmoil, agrarian and natural technologies in the processing of annually renewable crops into sustainable value- added constituents. This includes the product of cleaner low carbon biofuels, renewable feedstocks for advanced biofuels and high chastity alcohols for use in cleansers and detergents. Green Plains is an innovative patron ofUltra-High Protein and new constituents for beast and monoculture diets to help satisfy a growing global appetite for sustainable protein. Green PlainsInc. presently owns a48.8 limited mate interest and a2.0 general mate interest in Green Plains mates LP. For further information, visitwww.gpreinc.com.
About Green Plains mates LP
Green Plains mates LP( NASDAQ GPP) is a figure- grounded Delaware limited cooperation formed by Green PlainsInc. to give energy storehouse and transportation services by retaining, operating, developing and acquiring ethanol and energy storehouse outstations, transportation means and other affiliated means and businesses.
