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US BioEnergy was among VeraSun’s 24 subsidiaries that also filed forbankruptcyg Friday. Sioux Falls, S.D.-based VeraSun VSE) counts Wells Fargo Bank and Cargill Inc.’ s AgHorizons business among itslargest creditors. The firm owes San Francisco-based Wells Fargo more than $447 million, and AgHorizons about $13 according to bankruptcy filings. Verasun in an all-stock deal worth an estimatesd $686.2 million at the time. Verasun’s stock was trading at over $10 then, but it’s been in declines most of thepast year.
On Monday, it was tradingy at about 23 cents, down 25 cents from Increasing corn costs and the troubled capital markets contributer tothe company’s decisio n to file for bankruptcy VeraSun said in a statement. The move come more than a montj after the company to craft a plan forits
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