Green Plains rises as top investor Ancora urges sale

Green Plains

31/01/2023 16:34

** Shares of biofuel producer Green Plains Inc  GPRE.O  up
12.4% at $34.8
    ** Ancora Holdings Group, which owns a nearly 7% stake,
calls for GPRE to explore a sale process  urn:newsml:reuters.com:*:nBw35Kwc7a
    ** Ancora, in a letter to board, estimates a buyer would
likely pay at least $50 a share for the company
    ** The news was first reported by Reuters  urn:newsml:reuters.com:*:nL1N34F2JG
    ** More than 1.2 mln shares change hands, nearly double the
stock's 25-day average trading volume
    ** Last year, GPRE fell 12.3% 
 (Reporting by Nandhini Srinivasan in Bengaluru)
 ((nandhini.srinivasan@thomsonreuters.com))