Green Plains spikes over 10% after investor Ancora urges ‘full sale’

Shares of ethanol maker and distributor Green Plains are up over 11% to $34.50 per share, on Tuesday afternoon after Ancora Holdings Group, which owns nearly 7% of the company’s outstanding common shares, said in a letter to the company’s Board of Directors, "We do, however, believe the best path to delivering shareholders an optimal risk-adjusted return is by pursuing a full sale of the Company given the meaningful risks we have identified and the considerable demand for renewable assets by well-funded buyers."