Ethanol co. VeraSun shares fall on stock offering announcement
SIOUX FALLS, S.D. (AP) - Shares of VeraSun Energy Corp. on Thursday gave back their bump from this week's positive earnings report after the ethanol producer announced a $750 million offering which may be used to repay debt.
Brookings-based VeraSun, in a filing with the Securities and Exchange Commission, said it will use the money for working capital and other general corporate purposes, which may include the repayment or refinancing of debt.
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