Bankrupt VeraSun Entertains Buyout Offer

Law360, New York (November 25, 2008, 12:00 AM EST) -- Bankrupt ethanol producer VeraSun Energy Corp. said Monday that it has received and will consider an unsolicited buyout offer for substantially all of its assets, although it declined to identify the interested party.

“The company intends to pursue this indication of interest to its conclusion and evaluate other proposals it may receive in accordance with its obligations as a debtor in possession under Chapter 11 of the bankruptcy code,” VeraSun said.

VeraSun added, however, that the offer is subject to significant conditions.

“There can be no...
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