Two Midwestern energy companies that have built their businesses on the growing demand for ethanol as an alternative fuel will join forces in a merger handled by Skadden lawyers. Skadden is representing US BioEnergy Corp. in the proposed merger with VeraSun Energy Corp., bringing together the two leading pure-play ethanol companies in the United States. The combined companies will have a market cap of about $1.6 billion. The merger is expected to close in the first quarter of 2008.
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates