Green Plains Partners LP (NASDAQ:GPP) shares are gaining Monday morning after entering a definitive merger agreement with Green Plains Inc. (NASDAQ:GPRE).
Each outstanding common unit of the Partnership not owned by Green Plains and its affiliates will be exchanged for 0.405 shares of Green Plains common stock and $2.00 in cash plus an amount of cash equal to unpaid distributions from the last quarter to the closing date, without interest.
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