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Verasun Energy (VSE)

Stock (Energy Industry, Manufacturing Industry, Specialty Chemicals Industry)

Shareholders approve VeraSun merger with U.S. BioEnergy Shareholders of VeraSun and U.S. BioEnergy approve plans for a merger of the two companies, causing share prices to flatten then rise as shareholder enthusiasm picks up over the prospects of the deal. Lehman Brothers upgrades VeraSun Energy Lehman Brothers upgraded their rating from ‘Equal Weight’ to ‘Overweight’ for VeraSun Energy Corporation, stating that flat corn prices, imminent changes in energy legislation, and a lower spread between the cost of ethanol and gasoline augur well for the company.

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