Green Plains stock jumps after company announces strategic review, standstill with Ancora
Publishing timestamp: 2024-02-07 14:13:44
Summary
Agri-tech company Green Plains has agreed to pursue a strategic review after receiving a request from activist investor Ancora. Green Plains shares jumped 15% following the news. The strategic review will explore value enhancements, including a potential merger or sale. Ancora believes the company is undervalued and should explore a sale to a strategic acquirer.
Sentiment: MIXED
Tickers: GPRE,
Keywords: breaking news: business, business, breaking news: technology, business news, breaking news, environment, green plains inc, mergers and acquisitions, agriculture, technology,