VeraSun Plan Seeks Canceling Of Stock, Consolidation

Law360, New York (August 3, 2009, 6:05 PM EDT) -- VeraSun Energy Corp., once one of the largest ethanol producers in the U.S., has filed a liquidation plan and disclosure statement that would merge most of its subsidiaries into one entity and cancel all shares of the company’s common stock and unsecured notes as the company winds down.

The bankrupt ethanol producer filed a plan of reorganization and related disclosure statement on Friday in the U.S. Bankruptcy Court for the District of Delaware, asking the court to consolidate many of its related entities in a move...
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