Governance Structures and the Value of the Firm: The Case of Great Lakes Cooperative and Green Plains Renewable Energy
Gregory McKee and
Keri Jacobs ()
ISU General Staff Papers from Iowa State University, Department of Economics
In early 2007, Great Lakes Cooperative's (hereafter GLC) board of directors and CEO held meetings with its membership to lay out the terms of a merger agreement withâ€”a sale to, ratherâ€”Green Plains Renewable Energy (hereafter GPRE). The agreement was the result of months of discussions between representatives from GLC, a farmer-owned grain and farm supply cooperative, and GPRE, an investor-owned ethanol producer. What would ultimately lead to the merger of the two companies began as discussions about grain origination for GPRE's ethanol plant.
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Journal Article: Governance Structures and the Value of the Firm: The Case of Great Lakes Cooperative and Green Plains Renewable Energy (2017)
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