Green Plains Partners, Green Plains unitholders approve merger

Green Plains (GPRE) and Green Plains Partners LP (GPP) announced that the Partnership’s common unitholders approved that certain Agreement and Plan of Merger, dated as of September 16, 2023, by and among Green Plains, GPLP Holdings Inc., a wholly owned subsidiary of Green Plains, GPLP Merger Sub LLC, a wholly owned subsidiary of Holdings, the Partnership, and Green Plains Holdings LLC, the general partner of the Partnership, and the transactions contemplated thereby, including the merger of Merger Sub with and into the Partnership, with the Partnership surviving as an indirect, wholly owned subsidiary of Green Plains. The Merger is subject to customary closing conditions and is expected to close on January 9, 2024, at which time the Partnership will commence the process of delisting the common units from Nasdaq and deregistering the common units under the Securities Exchange Act of 1934, as amended. The Partnership’s common units are expected to continue to trade on Nasdaq until the close of trading on January 9, 2024, and are expected to be suspended from trading on Nasdaq effective as of the opening of trading on January 10, 2024.