- BioFuel Energy (BIOF) +23.1% premarket after agreeing to acquire JBGL Builder Finance from affiliates of Greenlight Capital and James Brickman for $275M in cash and stock.
- The cash portion of the deal will be funded from the proceeds of a $70M rights offering and ~$150M in debt financing provided to BIOF by Greenlight.
- JBGL is a series of real estate entities involved in the purchase and development of land for residential purposes, construction lending and home building operations.
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