VeraSun shares rise after Invesco share purchase
Monday October 13, 7:54 pm ET
Shares of ethanol producer VeraSun rise after asset manager Invesco buys nearly 16M shares
SIOUX FALLS, S.D. (AP) -- Shares of VeraSun Energy Corp. rose Monday after asset manager Invesco Ltd. disclosed it purchased nearly 15.9 million shares of the ethanol producer.
VeraSun shares gained 21 cents, or 11.1 percent, to $2.11, continuing an upward swing that began on Thursday. The stock has ranged from $1.33 to $17.75 over the past year.
The purchase by Invesco, a global investment management company, was disclosed in a Securities and Exchange Commission filing on Friday.
Invesco operates in 20 countries under the brand names Invesco AIM, Atlantic Trust, Perpetual, PowerShares, Trimark, and WL Ross. Its U.S. headquarters is in Atlanta.
Invesco shares rose $2.23, or 15.6 percent, to $16.53.
Source: Associated Press
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