VeraSun gets unsolicited buyout offer - KWWL - Eastern Iowa Breaking News, Weather, Closings

VeraSun gets unsolicited buyout offer

SIOUX FALLS, S.D. (KWWL) -- VeraSun Energy Corp. said that it has received a buyout offer.

VeraSun is the nation's second-largest ethanol producer. It has recently filed for Chapter 11 bankruptcy protection.

Jeff Broin, chief executive of privately held Poet LLC, told The Associated Press that his company was in talks with a number of ethanol producers.

Poet is the nation's top ethanol producer.

The biofuel industry has been rattled by volatile prices for corn, which is used to make ethanol, as well as tumbling crude prices that make biofuels less competitive.

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