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Aventine soliciting investor offers for recapitalization or sale
By Caroline Salls
Pittsburgh, May 26 - Aventine Renewable Energy Holdings, Inc. is soliciting potential investor interest until June 17 to support a recapitalization or sale of its business, according to a company news release.
The company said this solicitation is in addition to the existing expressions of interest it has received.
Aventine, a Pekin, Ill.-based producer and marketer of fuel-grade ethanol, filed for bankruptcy on April 7 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 09-11214.
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