New York-The board of bankrupt US ethanol maker Aventine Renewable Energy is evaluating a shareholder letter seeking changes in its reorganization plans and financing due to better market conditions, Aventine's Chief Accounting and Compliance Officer Bill Brennan said in an e-mail December 11. Aventine 2.1% shareholder Andrew Shirley put out a statement December 10 asking other shareholders to join him in efforts to seek "reorganization alternatives that preserve shareholder value," due to what he sees as a recovery in the ethanol market since Aventine's April bankruptcy filing.
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