Home

Equitable Resources offers 7.5 million shares

By Associated Press
May 5, 2008 | Comments (0)

Recs

0

Equitable Resources Inc., a Pittsburgh-based natural-gas company, said Monday it will publicly offer 7.5 million shares of stock. The offering is valued at $503.2 million at Monday's closing price of $67.09.

The company said it will give its underwriters a 30-day window to purchase an additional of 1.1 million shares to cover over-allotments.

Deutsche Bank Securities Inc., Banc of America Securities LLC, Credit Suisse Securities LLC and Lehman Brothers Inc. are underwriting the offering, the company said.

Equitable Resources has 122.2 million shares outstanding, according to a filing with the Securities and Exchange Commission.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

DocumentId: 637772, ~/articles/articlehandler.aspx, 12/2/2008 7:16:40 AM,

Sign up for FREE Motley Fool site access!

Already registered? Login Here

It’s FREE! Enter your email address, and we’ll rush you to the article you're looking for right now.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.