(Sioux Falls, S.D.)– Shares of Verasun Energy fell today (Wednesday) after a report surfaced on a financial news service that the South Dakota-based ethanol producer is looking into chapter 11 bankruptcy protection.
Verasun shares were down 31 percent, to 73 cents in afternoon trading.
Calls to a Verasun spokesman weren’t immediately returned.
An analyst for Oppenheimer Research quoted Verasun management in a client note as saying that a decision on bankruptcy filing hasn’t been made.
Verasun owns and operates ethanol plants in Hartley and Welcome, Minnesota.
(Story from the Associated Press.).
