Dec. 17, 2013, 4:45 PM
- Renewable Energy (REGI) agrees to acquire Syntroleum (SYNM) for 3.796M shares of REGI, which would result in SYNM shareholders receiving 0.3809 shares of REGI common stock for each outstanding share of SYNM common stock.
- SYNM and its 50%-owned subsidiary Dynamic Fuels offer an attractive entry path for REGI into renewable diesel, REGI CEO Daniel Oh says.
- SYNM +50%, REGI +4% AH.
Syntroleum Corp is engaged in the commercialization of its technology to produce synthetic liquid hydrocarbons with reduced levels of contaminants normally found in conventional hydrocarbon products.
Sector: Basic Materials
Industry: Oil & Gas Refining & Marketing
Country: United States