BioFuel Energy Corp. (BIOF) announced Wednesday morning that it has entered into a definitive agreement with certain affiliates of Greenlight Capital Inc. and James R. Brickman to acquire the equity interests of JBGL Builder Finance LLC and certain subsidiaries of JBGL Capital LP.
BioFuel Energy gapped open sharply higher Wednesday and is now up 2.74 at $8.51 on above average volume. The stock is now challenging the highs of the year, trading at nearly a month and a half high.
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