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PDC Energy Inc Announces Upsizing and Pricing of Common Stock Offering


Monday, 5 Aug 2013 08:57pm EDT 

PDC Energy Inc announced that it has priced and upsized a public offering from 3,750,000 to 4,500,000 shares of its common stock for total gross proceeds (before underwriter's compensation and estimated expenses) of $243 million. BofA Merrill Lynch acted as the sole underwriter of the offering and has offered the shares at prevailing market prices or otherwise from time to time through the NASDAQ Global Select Market, in the over-the-counter market, through negotiated transactions or otherwise. The Company has granted the underwriter an option for 30 days to purchase up to an additional 675,000 shares of the Company's common stock to cover over-allotments, if any. The offering is expected to close on or around August 9, 2013. 

Company Quote

43.46
-1.385 -3.09%
24 Dec 2014