Dan Loeb Makes Big Bet on BioFuel Energy (BIOF)

In an 13D filing after the close on BioFuel Energy Corp. (Nasdaq: BIOF), Daniel Loeb's Third Point LLC disclosed a 30.4% stake (5,578,800 shares) in the company.

Third Point Partners and Third Point Partners Qualified purchased shares of Common Stock in a private placement completed simultaneously with the closing of the initial public offering of the Company, on June 19, 2007.

The Funds expended an aggregate of approximately $36,265,000 of their own investment capital to acquire the Units and shares of Common Stock held by them. Third Point Partners expended an aggregate of approximately $16,242,324 of its own investment capital to acquire its Units and shares of Common Stock, and Third Point Partners Qualified expended an aggregate of approximately $10,541,176 of its own investment capital to acquire its Units and shares of Common Stock. Mr. Loeb, Mr. Bernstein and Mr. Swanson expended $1,200,000, $600,000 and $60,000, respectively, of their own personal funds to acquire the Units held directly by them.

Daniel Loeb has been a member of the Board of Directors of the Company since May 2006.