Wed Jun 4, 2014 07:54 AM CDT

STREATOR, Ill. (DTN) -- Renewable Energy Group, Inc. said its wholly-owned subsidiary, REG Synthetic Fuels, LLC, has closed its acquisition of the assets of Syntroleum Corp.

Syntroleum told REG Tuesday (6/3) that a majority of its shareholders had voted to approve the asset sale to REG, REG said in a news release. Shortly after the Syntroleum stockholders' meeting, officials from the two companies completed the transaction, which included the issuance of 3,493,613 shares of REG common stock to Syntroleum.

The assets acquired from Syntroleum include a 50% ownership interest in Dynamic Fuels, LLC, which owns a 75 million gallon per ...

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