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Ethanol producer VeraSun files for IPO

March 30, 2006
VSE

VeraSun Energy, the second largest ethanol producer in the U.S., registered for an initial public offering Thursday evening. For the 2005 fiscal year, the company recorded $235 million in sales with an operating margin of 10.0%. Morgan Stanley, Lehman Brothers and A.G. Edwards will underwrite the deal. Terms and timing have yet to be announced.