Why BioFuel Energy (BIOF) Stock Is Surging Today

NEW YORK (TheStreet) -- Shares of BioFuel Energy Corp. (BIOF) are soaring 9.08% to $7.21 on Wednesday after it disclosed that it entered into a definitive voting agreement and commitment to confirm the terms of a proposed rights offering with shareholder Greenlight Capital, according to an SEC document filed yesterday.

Greenlight Capital disclosed a 35.4% stake in Biofuel in the filing.

Must Read: Warren Buffett's 25 Favorite Growth Stocks

BIOF Chart
BIOF data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

P&G, GE and IBM Need to Innovate; Has Starbucks' Stock Grown Ice Cold?--ICYMI

P&G, GE and IBM Need to Innovate; Has Starbucks' Stock Grown Ice Cold?--ICYMI

Is Best Buy Sleeping With the Enemy With Amazon Partnership?

Is Best Buy Sleeping With the Enemy With Amazon Partnership?

Sprint, T-Mobile Might Have to Do More Than Make Promises to Get Deal Approved

Sprint, T-Mobile Might Have to Do More Than Make Promises to Get Deal Approved

Video: The S&P 500 Is Failing to Make New Highs

Video: The S&P 500 Is Failing to Make New Highs

Dow, S&P 500 and Nasdaq Finish Lower as Apple, P&G Slump

Dow, S&P 500 and Nasdaq Finish Lower as Apple, P&G Slump