US VeraSun to retain Morgan Stanley as adviser

19 September 2008 11:03  [Source: ICIS news]

MUMBAI (ICIS news)--VeraSun Energy will retain Morgan Stanley in an advisory capacity to evaluate strategic alternatives, the ethanol producer said on Friday in response to the interest expressed by multiple parties during its equity offering.

The US-based ethanol producer commenced a public offering of 20m shares of its common stock, subject to market conditions, on Tuesday.

VeraSun also announced it had suspended its previously announced equity offering.

VeraSun Energy, headquartered in Sioux Falls, South Dakota, is a leading producer and marketer of ethanol and distillers grains.

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By: Isha Jha
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