Intrepid Potash says IPO underwriters to buy shares
NEW YORK, April 23 (Reuters) - Intrepid Potash Inc. (IPI.N: Quote, Profile, Research, Stock Buzz) on Wednesday said its underwriters exercised their right to buy an additional 4.5 million shares at $32 per share after its initial public offering on April 21.
Intrepid Potash Goldman Sachs, Merrill Lynch and Morgan Stanley were the joint bookrunning managers for the offering.
Denver-based Intrepid Potash is the largest potash producer in the United States. It owns five potash production facilities -- three in New Mexico and two in Utah. (Reporting by Dane Hamilton; Editing by Gary Hill) (Reuters messaging: dane.hamilton.reuters.com@reuters.net. 646 223 6161)
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