Renewable Energy Group to Present at Upcoming Investor Conferences
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Renewable Energy Group (REGI) to Acquire Imperium Renewables in Cash and Stock Deal
August 3, 2015 9:12 AM EDTRenewable Energy Group (NASDAQ: REGI) and Imperium Renewables, Inc. announced Friday that they have signed an asset purchase agreement where REG would acquire substantially all the assets of Imperium, including a 100-million gallon nameplate capacity biomass-based diesel refinery and deepwater port terminal at the Port of Grays Harbor, Washington.
Under the terms of the agreement, REG will pay Imperium $15 million in cash and issue 1.5 million shares of REG common stock in exchange for substantially all of Imperiums assets. In addition to these payments, REG will pay either $1.75 million in cash or... More
