September 19, 2010

Iogen looking to sell?

Iogen is probably thinking of doing the same move as Verenium when it sold its cellulosic ethanol joint venture to BP.

Iogen announced last week that it has "initiated a process to explore strategic alternatives for enhancing shareholder value and funding the deployment of its world leading renewable energy technology." The company has retained Goldman, Sachs & Co. as its exclusive financial advisor.

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