BROOKINGS, SD (March 30, 2006) – VeraSun Energy Corporation announced today it had filed with the Securities and Exchange Commission a registration statement to register shares of common stock for sale by the company and selling shareholders in an initial public offering. Morgan Stanley & Co. Incorporated and Lehman Brothers Inc. will serve as the lead managers of this offering, with A.G. Edwards & Sons, Inc. serving as the co-manager.
The company is the second largest ethanol producer in the U.S. The company has two operational production facilities in Aurora, South Dakota and Fort Dodge, Iowa and is constructing a third facility in Charles City, Iowa. The company intends to use the net proceeds from the offering, together with cash generated from operations, to finance construction of two additional ethanol production facilities in the upper Midwest.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective
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where's that from?
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