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Blue Biofuels (OTC:BIOF) Stock, Option Chain

Blue Biofuels Inc is a technology company focused on emerging technologies in the renewable energy, biofuels, and new technologies sectors. It developed a technology system called Cellulose-to-Sugar 2.0 (CTS 2.0) which is a mechanical/chemical dry process for converting cellulose material into sugar for use in the biofuels industry. It can convert any cellulosic material like grasses, wood, paper, farm waste, yard waste, forestry products, energy crops like hemp or King Grass, and the cellulosic portion of municipal solid waste into sugars and lignin, and subsequently into biofuels and bioplastics. This system produces sugar and chemically unmodified lignin among other by-products. The sugar can then be further converted into biofuels and the lignin into bioplastics.

Emerging Markets

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BIOF

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This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.

Turning Sugar Into Fuel? A Look Into Blue Biofuel&#39;s Patented Cellulose-To-Sugar Technology

Hedge Funds

General

AAPL

AGNC

BAGL

CHMT

CLNY

GDOT

GRBK

YHOO

Greenlight Capital Buys Yahoo!, Trims Apple, Sells BP in Q4

ONNN

David Einhorn Reveals Portfolio In 13F Filing

Blue Biofuels Inc

BIOFORCE NANOSCIENCES HLD by BioForce Nanosciences Holdings, Inc.

BioForce Nanosciences Holdings Inc

Biofrontera AG

Biofrontera Inc

In the hedge fund&rsquo;s latest 13-F filing, the David Einhorn-founded Greenlight Capital disclosed changes to its holdings that occurred during Q4 of 2014.

	Here&rsquo;s a list of some of the moves the fund made to its largest positions during the quarter.

	Buys
<ul>
<li>
		Acquired position in California Resources Corp (NYSE: <a class="ticker" href="/stock/crc#NYSE">CRC</a>) totaling 1,968,722 shares</li>
<li>
		Acquired position in Chicago Bridge &amp; Iron Co (NYSE: <a class="ticker" href="/stock/cbi#NYSE">CBI</a>) totaling 2,940,000 shares</li>
<li>
		Acquired position in Green Brick Partners Inc (NASDAQ: <a class="ticker" href="/stock/grbk#NASDAQ">GRBK</a>) totaling 15,641,805 shares</li>
<li>
		Acquired position in Green Dot Corp (NYSE: <a class="ticker" href="/stock/gdot#NYSE">GDOT</a>) totaling 1,250,000 shares</li>
<li>
		Acquired position in Halyard Health Inc (NYSE: <a class="ticker" href="/stock/hyh#NYSE">HYH</a>) totaling 2,353,181 shares</li>
<li>
		Acquired position in Time Warner Inc (NYSE: <a class="ticker" href="/stock/twx#NYSE">TWX</a>) totaling 3,795,700 shares</li>
<li>
		Acquired position in Tri Pointe Homes Inc (NYSE: <a class="ticker" href="/stock/tph#NYSE">TPH</a>) totaling 4,408,647 shares</li>
<li>
		Acquired position in Yahoo! Inc (NASDAQ: <a class="ticker" href="/stock/yhoo#NASDAQ">YHOO</a>) totaling 2,025,000</li>
</ul>

	Increases
<ul>
<li>
		Increased position in Aecom Technology (NYSE: <a class="ticker" href="/stock/acm#NYSE">ACM</a>) by 3,613,204 shares</li>
<li>
		Increased position in Micron Technology Inc (NASDAQ: <a class="ticker" href="/stock/mu#NASDAQ">MU</a>) by 781,377 shares</li>
</ul>

	Reductions
<ul>
<li>
		Reduced position in Aetna Inc (NYSE: <a class="ticker" href="/stock/aet#NYSE">AET</a>) by 1,659,637 shares</li>
<li>
		Reduced position in Apple Inc (NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>) by 566,500 shares</li>
</ul>

	Liquidations
<ul>
<li>
		Liquidated position in American Capital Agency Corp (NASDAQ: <a class="ticker" href="/stock/agnc#NASDAQ">AGNC</a>)</li>
<li>
		Liquidated position in Anadarko Petroleum Corp (NYSE: <a class="ticker" href="/stock/apc#NYSE">APC</a>)</li>
<li>
		Liquidated position in Babcock &amp; Wilcox (NYSE: <a class="ticker" href="/stock/bwc#NYSE">BWC</a>)</li>
<li>
		Liquidated position in Biofuel Energy Corp (NASDAQ: <a class="ticker" href="/stock/biof#NASDAQ">BIOF</a>)</li>
<li>
		Liquidated position in BP PLC (NYSE: <a class="ticker" href="/stock/bp#NYSE">BP</a>)</li>
<li>
		Liquidated position in Chemtura Corp (NYSE: <a class="ticker" href="/stock/chmt#NYSE">CHMT</a>)</li>
<li>
		Liquidated position in Cigna Corp (NYSE: <a class="ticker" href="/stock/ci#NYSE">CI</a>)</li>
<li>
		Liquidated position in Colony Financial Inc (NYSE: <a class="ticker" href="/stock/clny#NYSE">CLNY</a>)</li>
<li>
		Liquidated position in Einstein Noah Restaurant Group Inc (NASDAQ: <a class="ticker" href="/stock/bagl#NASDAQ">BAGL</a>)</li>
<li>
		Liquidated position in Interpublic Group of Companies Inc (NYSE: <a class="ticker" href="/stock/ipg#NYSE">IPG</a>)</li>
<li>
		Liquidated position in Intrexon Corp (NYSE: <a class="ticker" href="/stock/xon#NYSE">XON</a>)</li>
<li>
		Liquidated position in National Oilwell Varco Inc (NYSE: <a class="ticker" href="/stock/nov#NYSE">NOV</a>)</li>
<li>
		Liquidated position in Synchrony Financial (NYSE: <a class="ticker" href="/stock/syf#NYSE">SYF</a>)</li>
</ul>

	These changes to Greenlight Capital&rsquo;s holdings that occurred during Q4 are merely some of the many adjustments the fund made to its portfolio. The fund&rsquo;s full 13-F filing can be <a href="http://www.sec.gov/Archives/edgar/data/1079114/000107911415000001/xslForm13F_X01/Greenlight_13FXML_12312014.xml" style="font-size: 13px;">found here</a>.

Investors get a chance to look at David Einhorn&#39;s portfolio with his latest 13F filing. His fund, Greenlight Capital, took on 10 new positions and exited four since the second quarter filing. Investors should keep in mind that data is from September 30, approximately six weeks ago.
<h3>
	New Positions</h3>

	Aecom Technology Corp (NYSE: <a class="ticker" href="/stock/acm#NYSE">ACM</a>) 3.04 million shares 
	Citizens Financial Group Inc&nbsp;(NYSE: <a class="ticker" href="/stock/cfg#NYSE">CFG</a>) 8 million shares 
	Colony Financial Inc (NYSE: <a class="ticker" href="/stock/clny#NYSE">CLNY</a>) 0.87 million shares 
	Consol Energy (NYSE: <a class="ticker" href="/stock/cnx#NYSE">CNX</a>) 4.88 million shares 
	FCB Financial Holdings (NYSE: <a class="ticker" href="/stock/fcb#NYSE">FCB</a>) 1.35 million shares 
	Interpublic Group (NYSE: <a class="ticker" href="/stock/ipg#NYSE">IPG</a>) 2.43 million shares 
	Kennametal (NYSE: <a class="ticker" href="/stock/kmt#NYSE">KMT</a>) 0.58 million shares 
	Nokia Corporation (NYSE: <a class="ticker" href="/stock/nok#NYSE">NOK</a>) 7.83 million shares 
	ON Semiconductor (NASDAQ: <a class="ticker" href="/stock/onnn#NASDAQ">ONNN</a>)15 million shares 
	Synchrony Financial (NYSE: <a class="ticker" href="/stock/syf#NYSE">SYF</a>) 2.11 million shares
<h3>
	Exited Positions</h3>

	Chico&rsquo;s FAS, Inc.&nbsp;(NYSE: <a class="ticker" href="/stock/chs#NYSE">CHS</a>) 1.87 million shares 
	DSW Inc. (NYSE: <a class="ticker" href="/stock/dsw#NYSE">DSW</a>) 0.18 million shares 
	Computer Sciences (NYSE: <a class="ticker" href="/stock/csc#NYSE">CSC</a>) 2.32 million shares 
	Tempur Sealy (NYSE: <a class="ticker" href="/stock/tpx#NYSE">TPX</a>)1.77 million shares
<h3>
	Notable Changes</h3>

	Apple Inc.&nbsp;(NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>) trimmed from 9.45 million shares to 9.17 million shares 
	BioFuel Energy (NASDAQ: <a class="ticker" href="/stock/biof#NASDAQ">BIOF</a>) increased from 1.43 million shares to 3.63 million shares 
	BP (NYSE: <a class="ticker" href="/stock/bp#NYSE">BP</a>) increased from 1.48 million shares to 2.06 million shares 
	McDermott (NYSE: <a class="ticker" href="/stock/mdr#NYSE">MDR</a>) trimmed from 10.77 million shares to 2.81 million shares 
	Micron Technology (NASDAQ: <a class="ticker" href="/stock/mu#NASDAQ">MU</a>) trimmed from 40.34 million shares to 30.47 million shares

News

BioFuel Announces Results Of Annual Meeting And Expiration Of Rights Offering 

BIOFUEL ENERGY CORP. (NASDAQ: <a class="ticker" href="/stock/biof#NASDAQ">BIOF</a>) made an announcement Friday, relating to the Company's rights offering.
On or about September 22, 2014, the Company will distribute, at no charge, to the holders of its common stock transferable subscription rights to purchase common stock.&nbsp; Each holder of shares of Company common stock as of 5:00 p.m., New York City time, on September 15, 2014 (the "Record Date") &nbsp;will receive one subscription right for each share of common stock owned as of the Record Date.&nbsp; Each subscription right will permit the holder of such right to acquire 2.2445 shares of Company common stock at a rights price equal to $5.00 per share (subject to rounding as described in our prospectus relating to the rights offering, the "Basic Subscription Privilege"). &nbsp;
The subscription rights are transferable and have been approved by NASDAQ for trading on The Nasdaq Capital Market under the symbol "BIOFR" during the course of the rights offering. &nbsp;We anticipate trading of rights to begin on September 22, 2014.
Assuming that trading of rights begins on September 22, 2014, the ex-dividend date will be September 23, 2014.
The Company has filed a registration statement on Form S-1 (as
 <a href="http://www.benzinga.com/pressreleases/14/09/n4864095/biofuel-announces-rights-offering">See full press release</a>

Offerings

Press Releases

BioFuel Announces Rights Offering 

Summary
<ul>
<li>
		- Biofuel Energy (BIOF) has $181M in net operating losses (NOLS) which can be worth up to $63M in tax writeoffs.</li>
<li>
		- BIOF is merging with a real estate investment company, JBGL Capital, and investors have bid up the stock, believing that BIOF will be able to unlock the NOLs after the merger.</li>
<li>
		- Tax experts say the company likely won&#39;t be able to use its NOLs for JBGL Capital&#39;s profits. Without the writeoff, BIOF is worth only $4.27 per share.</li>
<li>
		- BIOF&rsquo;s proxy never mentions IRC Section 269 - Acquisitions Made To Evade Or Avoid Income Tax, or the Continuity of Business Enterprise part of IRC Section 382.</li>
<li>
		- The rights offering offers the stock between $1.50 to $5.00, much lower than the value of the NOLs, which indicates the company doubts that they will be utilized.</li>
</ul>

	White Diamond Research confirms that BIOF&#39;s NOLs will not be permitted to be used as a tax deduction for JGBL&#39;s profits.

	If BIOF can&#39;t use its NOLs, then it could compromise the merger. On page 13 of the merger&nbsp;<a href="http://www.sec.gov/Archives/edgar/data/1373670/000114420414043262/v383390_prem14a.htm" target="_blank">proxy statement</a>, it says:

	The consummation of the Transactions is subject to a number of conditions, including:

	the availability of the Company&#39;s NOLs without impairment (subject to certain exceptions)

	Barbara Blacklidge has been a tax preparer for 16 years, and has over 25 years as a real estate/corporate paralegal.&nbsp;Regarding BIOF&rsquo;s situation she said:

	A complete disallowance of NOLs under 382: continuity of business enterprise (&quot;COBE&quot;). COBE requires that the company (or its successor) either continue the old corporation&#39;s historical business or use a significant portion of the company&#39;s assets in the new business. The information you have provided indicates there are no assets; therefore, use of the NOLs would not be permitted.

	Real estate is a different business than biofuel, therefore, the NOLs can&#39;t be used. In BIOF&rsquo;s proxy statement, it goes over the issue of business ownership, but not the issue of business continuity.

	IRC Section 269 - Acquisitions Made To Evade Or Avoid Income Tax

	<a href="http://www.law.cornell.edu/uscode/text/26/269" target="_blank">US code 269 states</a>:If the principal purpose for which an acquisition was made is evasion of Federal income tax then the Secretary may disallow such deduction.

	BIOF longs and shorts alike agree that the principal purpose of the merger is to utilize BIOF&rsquo;s NOLs. A CFO/CPA we spoke with said:

	I would never do something like this without first securing a &quot;Letter Of Determination&quot; from the IRS to confirm that the NOLs can be of use.

	On page 144 of BIOFs&nbsp;<a href="http://www.sec.gov/Archives/edgar/data/1373670/000114420414043262/v383390_prem14a.htm" target="_blank">proxy statement</a>:
<table border="1" cellpadding="0" cellspacing="0">
<tbody>
<tr>
<td style="width:24px;height:30px;">

					&nbsp;
</td>
<td style="height:30px;">

					Potential Challenge to the NOLs and Other Tax Benefits.&nbsp;The amount of the NOLs has not been audited or otherwise validated by the IRS. The IRS could challenge the amount of the NOLs, which could result in an increase in our liability in the future for income taxes.
</td>
</tr>
</tbody>
</table>

	The merger&nbsp;<a href="http://www.sec.gov/Archives/edgar/data/1373670/000114420414018886/v373197_ex99-1.htm" target="_blank">rights offering</a>&nbsp;is offering BIOF shares for a price between $1.50 and $5. Pre-merger there are currently 5.46M shares outstanding, so a share price of $5 would make BIOF&#39;s market cap $27.3M, much less than the potential value of the NOLs of $63M.&nbsp;

	For a copy of the full report, please email: <a href="mailto:research@whitediamondresearch.com">research@whitediamondresearch.com</a>.

Financing

Small Cap

Inability To Use NOLs Means Biofuel Energy Loses $63M Of After Tax Value

BioFuel Energy (NASDAQ: <a class="ticker" href="/stock/biof#NASDAQ">BIOF</a>) shares jumped 6.45% to reach a new 52-week high of $11.22. BioFuel Energy shares have jumped 204.62% over the past 52 weeks, while the S&amp;P 500 index has gained 17.18% in the same period.
LRAD (NASDAQ: <a class="ticker" href="/stock/lrad#NASDAQ">LRAD</a>) shares gained 4.53% to touch a new 52-week high of $2.77. LRAD's PEG ratio is 1.46.
Big Lots (NYSE: <a class="ticker" href="/stock/big#NYSE">BIG</a>) shares touched a new 52-week high of $46.40. Big Lots' trailing-twelve-month revenue is $5.32 billion.
Tenet Healthcare (NYSE: <a class="ticker" href="/stock/thc#NYSE">THC</a>) shares rose 1.04% to reach a new 52-week high of $58.29. Tenet Healthcare's trailing-twelve-month operating margin is 6.08%.

Intraday Update

Movers

LRAD

Stocks Hitting 52-Week Highs

Biofuel Energy Share Spike to High on Volume

Biofuel Shares Quiet Following Amended 13D Filing from Dan Loeb's Third Point Showing Largely Unch 19.3% Stake, Includes Rights Offering Entry

BioFuel Energy (NASDAQ: <a class="ticker" href="/stock/biof#NASDAQ">BIOF</a>) shares jumped as much as nine percent Wednesday morning after confirmation that investor David Einhorn&#39;s Green Light Capital will fully participate in an upcoming rights offering.

	The offering is key to a $275 million cash and stock deal in which Einhorn will obtain a controlling interest in BioFuel. The deal was proposed in March and inked in June.

	BioFuel said it signed a definitive agreement July 10, with Einhorn financing the deal through a rights offering to common shareholders and a private non-registered rights offering to Einhorn&#39;s Greenlight and Third Point holding companies.

	Biofuel on Tuesday said it obtained so-called backstop agreements for the offering with JMB Capital Partners Master Fund, L.P., Lonestar Partners, LP, North Run Master Fund, LP and Scoggin LLC

	A filing with the Securities and Exchange Commission confirmed Einhorn&#39;s commitment and revealed that he has increased his stake to 35.4 percent, from 26.24 percent as of March.

	BioFuel traded recently at $7.24, up 9.53 percent.

BioFuel Energy Gets Final Confirmation Of Einhorn Deal; Shares Shoot Up

UPDATE: Filing from Einhorn's Greenlight on Biofuel Shows Raised Stake from 26.24% as of Mar. 31st to 35.4%

Amended 13D Filing from Einhorn's Greenlight Capital on Biofuel Energy Just Hitting SEC's EDGAR Site

8-K from BioFuel Energy Shows Disclosure of Two Rights Offerings, Aimed at Funding Part of JBGL Deal, Expecting Gross Proceeds of $70M

Doral Financial (NYSE: <a class="ticker" href="/stock/drl#NYSE">DRL</a>) jumped 38.61% to $9.80 following Wednesday's news that an appeals court in Puerto Rico unanimously reversed a ruling from a lower court.
Verso Paper (NYSE: <a class="ticker" href="/stock/vrs#NYSE">VRS</a>) rose 35.63% to $3.11 after the company commenced debt exchange offers. 
EveryWare Global (NASDAQ: <a class="ticker" href="/stock/evry#NASDAQ">EVRY</a>) gained 28.21% to $3.00.
PetSmart (NASDAQ: <a class="ticker" href="/stock/petm#NASDAQ">PETM</a>) climbed 14.07% to $68.22 on news that activist investor Barry Rosenstein had acquired a 9.9 percent stake and will seek a review of strategic alternatives. 
BioFuel Energy (NASDAQ: <a class="ticker" href="/stock/biof#NASDAQ">BIOF</a>) gained 7.55% to $7.12 after the company received favorable NASDAQ listing determination pending completion of JBGL Transaction.
Lululemon Athletica (NASDAQ: <a class="ticker" href="/stock/lulu#NASDAQ">LULU</a>) shares gained 5.31% to $43.60 after Dow Jones reported that the company's founder Dennis Wilson, is exploring options, including a potential sale of the company to private equity. 
Cree (NASDAQ: <a class="ticker" href="/stock/cree#NASDAQ">CREE</a>) shares jumped 4.41% to $52.53. Oppenheimer upgraded Cree from Market Perform to Outperform.
GoPro (NASDAQ: <a class="ticker" href="/stock/gpro#NASDAQ">GPRO</a>) gained 4.19% to $43.80 after dropping 13.85% on Wednesday.
Ryanair Holdings plc (NASDAQ: <a class="ticker" href="/stock/ryaay#NASDAQ">RYAAY</a>) shares gained 3.77% to $56.13 after dropping 3.60% on Wednesday. 
International Speedway (NASDAQ: <a class="ticker" href="/stock/isca#NASDAQ">ISCA</a>) surged 3.10% to $34.60 after the company reported better-than-expected FQ2 earnings.

CREE

EVRY

GPRO

ISCA

LULU

PETM

RYAAY

Morning Market Movers 

Amended 13D Filing from David Einhorn's Greenlight Capital on BioFuel Energy Shows Raised Stake from 26.24% to 35.5%

BioFuel Energy (NASDAQ: <a class="ticker" href="/stock/biof#NASDAQ">BIOF</a>) jumped 38.01% to $7.97 after the company announced its plans to acquire JBGL from Greenlight Capital for $275 million.
Synaptics (NASDAQ: <a class="ticker" href="/stock/syna#NASDAQ">SYNA</a>) shares surged 18.76% to $79.00 after the company announced its plans to acquire display-chip company Renesas SP Drivers. The company also lifted its Q4 revenue forecast. 
ULTA Salon, Cosmetics &amp; Fragrance (NASDAQ: <a class="ticker" href="/stock/ulta#NASDAQ">ULTA</a>) rose 12.79% to $96.22 after the company reported stronger-than-expected first-quarter results.
Oculus Innovative Sciences (NASDAQ: <a class="ticker" href="/stock/ocls#NASDAQ">OCLS</a>) shares surged 10.13% to $3.48. Oculus Innovative Sciences is expected to report its FQ4 financial results on June 12, 2014.
Montage Technology Group (NASDAQ: <a class="ticker" href="/stock/mont#NASDAQ">MONT</a>) shares rose 9.96% to $21.75 after the company agreed to be acquired by Shanghai Pudong Science and Technology Investment Co for US$22.60 per share.
BSD Medical (NASDAQ: <a class="ticker" href="/stock/bsdm#NASDAQ">BSDM</a>) rose 9.35% to $1.17 after the company announced the initiation of clinical study with Micro ThermX. 
Northwest Biotherapeutics (NASDAQ: <a class="ticker" href="/stock/nwbo#NASDAQ">NWBO</a>) shares gained 6.82% to $6.12 after the company reported positive outcome of Phase IIIb COMPASS Trial.
Rambus (NASDAQ: <a class="ticker" href="/stock/rmbs#NASDAQ">RMBS</a>) climbed 4.90% to $12.97 after the company raised its Q2 sales forecast. Qualcomm (NASDAQ: <a class="ticker" href="/stock/qcom#NASDAQ">QCOM</a>) will be integrating the CryptoManager Security Engine into its chips, according to Rambus.
Prospect Capital (NASDAQ: <a class="ticker" href="/stock/psec#NASDAQ">PSEC</a>) shares rose 4.23% to $10.24 after the company announced no restatement of historical financial statements. 
H&amp;R Block (NYSE: <a class="ticker" href="/stock/hrb#NYSE">HRB</a>) gained 3.35% to $31.76 after the company reported upbeat fiscal fourth-quarter earnings. H&amp;R Block's quarterly net income rose to $929.1 million, or $3.36 per share, versus a year-ago profit of $688.9 million or $2.51 per share.

BSDM

MONT

NWBO

OCLS

PSEC

QCOM

RMBS

SYNA

ULTA

In a <a href="http://finance.yahoo.com/news/biofuel-energy-enters-definitive-agreement-123000884.html">press release</a> on Wednesday, BioFuel Energy (NASDAQ: <a class="ticker" href="/stock/biof#NASDAQ">BIOF</a>) announced that it has entered into a definitive agreement with affiliates of Greenlight Capital (NASDAQ: <a class="ticker" href="/stock/glre#NASDAQ">GLRE</a>) and James Brickman to acquire equity interests on JBGL Builder Finance and specific subsidiarties of JBGL Capital, LP.

	JBGL, currently owned and controlled by Greenlight and Brickman, will be acquired by BioFuel for $275 million, payable in cash and common stock. The breakdown of the cash portion of the sale will be funded from proceeds of a $70 million rights offering and $150 million in debt financing provided to BioFuel Energy by Greenlight.

	The release states, &quot;In response to a proposal from Greenlight and Brickman on March 28, 2014, the board of directors of the Company formed a special committee of independent directors to evaluate the proposed transaction and possible alternatives for the Company.

	The Company&#39;s board of directors, acting upon the unanimous recommendation of the special committee, approved the transaction, determined to exempt the transaction under the Company&#39;s Section 382 rights plan and resolved to recommend that the Company&#39;s stockholders vote to approve the transaction and related matters. The special committee negotiated the terms of the transaction with the assistance of its legal and financial advisors.&quot;

	Completion of the acquisition is contingent to a variety of conditions including the receipt of the approval of a majority of BioFuel shareholders and the completion of rights and authorization for listing the stock on the Nasdaq stock market.

	Shares of BioFuel Energy closed at $5.78 on Tuesday. Shortly after Wednesday's opening bell, shares shot up 43 percent to $8.27, but are starting to subside.

Legal

Management

GLRE

Shares Of BioFuel Up +40% Following M&A Announcement

BioFuel Reports Deal to Buy JBGL for $275M

Biofuel Energy Spikes Higher

Movers & Shakers

Insider Trades

Biofuel Energy Shares Rise 40%; David Einhorn's Greenlight Capital Announced Increased Stake on March 28; Proposed BioFuel Acquire JBGL

The following are the M&amp;A deals, rumors and chatter circulating on Wall Street for Monday March 31, 2014:

Johnson &amp; Johnson Accepts $4B Binding Offer from Carlyle Group to Acquire Ortho-Clinical Diagnostics

The Deal: Johnson &amp; Johnson (NYSE: <a class="ticker" href="/stock/jnj#NYSE">JNJ</a>) announced Monday it has accepted the binding offer from Carlyle Group (NASDAQ: <a class="ticker" href="/stock/cg#NASDAQ">CG</a>), announced on January 16, 2014, to acquire JNJ's Ortho-Clinical Diagnostics business for approximately $4 billion. The deal is expected to close toward the middle of 2014. 

Johnson &amp; Johnson shares closed Monday at $98.23, a gain of $0.79. 

BioFuel Shares Soar Almost 150% on Greenlight Stake, Proposal

The Proposal: Shares of BioFuel Energy (NASDAQ: <a class="ticker" href="/stock/biof#NASDAQ">BIOF</a>) surged as much as 148% higher on Monday, on a disclosure of a 35% stake by investor David Einhorn's Greenlight Capital in a 13D filing on Friday. Greenlight and Jim Brickman also proposed the BioFuel Energy acquire all of the equity interests of JBGL for $275 million in cash and stock. JBGL is owned by Greenlight and Brickman.

BioFuel Energy confirmed receipt of the non-binding proposal and said the board of directors of the company will establish a special committee consisting of independent directors to evaluate the proposal.

BioFuel Energy closed Monday at $30.36, a gain of $7.30, a gain of 132% on 37 times average volume. 

Yahoo Reportedly in Talks to Acquire News Distribution Network for $300M

The Rumor: Yahoo (NASDAQ: <a class="ticker" href="/stock/yhoo#NASDAQ">YHOO</a>) is said to be in talks to acquire online-video service News Distribution Network, for $300 million, according to WSJ. NDN is the number four ranked video site, ahead of Yahoo at number five. The acquisition would help Yahoo compete against Google's (NASDAQ: <a class="ticker" href="/stock/goog#NASDAQ">GOOG</a>) YouTube.

A spokesperson for NDN said they are not in talks to be acquired by Yahoo at this time.

Yahoo closed Monday at $35.90, unchanged.

Rumors

GOOG

Benzinga's M&A Chatter for Monday March 31, 2014

Blue Biofuels awarded $1.15M department of energy grant

Blue Biofuels and Vertimass Forge Partnership to Start Production of Sustainable Aviation Fuel

Blue Biofuels Makes First Cellulosic Ethanol

Blue Biofuels Initiates Engineering and Design for Their CTS Commercial Plant Positioned to Produce Ethanol from Cellulosic Materials

EPA Registers Vertigas20 -- Green Gasoline to be Produced by VertiBlue Fuels

Blue Biofuels Receives Canadian Patent on CTS Process

Blue Biofuels Produces Ethanol in High Yield from Multiple Feedstocks in its Upscaled CTS Process

Blue Biofuels Receives $1.15 Million Department of Energy Phase 2 Grant

Blue Biofuels Engages Engineering Company GMP to Start Engineering & Design for Cellulosic Ethanol Production Facility

Blue Biofuels

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