$2 or higher gas - Can ethanol make a comeback? Message Board

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Non-Tech : $2 or higher gas - Can ethanol make a comeback?

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Dec 23 3:59 PM EST

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To: richardred who wrote (2565)	8/18/2007 9:54:34 AM
From: richardred	Read Replies (1) of 2801

Cosan Limited Flat In Public Debut Thursday, August 16, 2007; Posted: 04:35 PM (RTTNews) - Cosan Limited (CZZ \| charts \| news \| PowerRating) was flat in its first day of public trading. Shares were uncertain early but then leveled off in late morning and afternoon trading. Shares closed $10.50 per share, even with the amount that the sugar and ethanol company had priced its initial public offering of common stock on Thursday morning. The company raised about $1 billion with the offering, about half of what it originally expected. Cosan plans to use approximately US$650 million of its proceeds towards an ethanol greenfield project in the South region of Brazil. The company expects to use approximately $500 million for capital expenditures relating to the expansion of existing facilities and about $325 million for the development of cogeneration systems for several mills. Credit Suisse, Morgan Stanley & Co. and Goldman, Sachs & Co. are serving as underwriters for the offering. For comments and feedback: contact editorial@rttnews.com Copyright(c) 2007 RealTimeTraders.com, Inc. All Rights Reserved tradingmarkets.com

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