Advanced BioEnergy LLC of Minneapolis and Heartland Grain Fuels of Dakota Fuels Inc. are joining forces. With the agreement, two ethanol plants in South Dakota will merge with the Minnesota company.

Under the transaction, Heartland owners will invest in Advanced BioEnergy and, for that investment, will receive about $16.8 million in cash and about 2.6 million newly issued share units in Advanced BioEnergy.

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