Pacific Ethanol To Buy Aventine Renewable Energy Holdings
Troutman Sanders was mentioned in numerous articles (Central Valley Business Times, Ethanol Producer Magazine, RTT News, and others) about Pacific Ethanol, Inc., a producer and marketer of low-carbon renewable fuels in the Western United States, and Aventine Renewable Energy Holdings, Inc., a Midwest-based producer of ethanol and related co-products, announcing they entered into a definitive merger agreement where Pacific Ethanol will acquire all of Aventine’s outstanding shares in a stock-for-stock merger transaction.
Under the terms of the deal, Pacific Ethanol plans to issue approximately 17.75 million shares of its common stock in exchange for all of the issued and outstanding shares of Aventine’s common stock.
Orange County partners Larry Cerutti, John Bradley, Paul Gale, and Edward Kim; New York partner Robert Friedman; Atlanta associates Brad Breece, Angela Levin, Hunter Knowles and Justin Wong; and Orange County associates Rushika de Silva and Jason Lee were part of the legal advisors on the deal for Pacific Ethanol.