GreenHunter Energy Merges with Orion Ethanol

Grapevine, Texas & Pratt, Kansas [] GreenHunter Energy, Inc. and Orion Ethanol, Inc., intend to merge in a stock-for-stock transaction valued at approximately $150 million. Under the terms of the transaction, each outstanding share of GreenHunter Energy common stock will be exchanged for 2.09925 shares of Orion Ethanol stock. At closing, Orion Ethanol, Inc. will change its name to GreenHunter Energy, Inc.
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