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10-30-2008, 08:46 AM
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VeraSun mulling bankruptcy, obtains debtor-in-possession financing, report says
In South Dakota, reports have emerged that VeraSun Energy is considering a bankruptcy filing. Shares of the company’s stock plunged 53.3 percent yesterday to $0.49 after Debtwire filed a story on Tuesday obtained debtor-in-possession financing from Ableco Finance, the speciality finance arm of Cerberus Capital.Oppenheim Research analyst Joseph Gomes quoted an unnamed VeraSUn manager who [...]
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