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UPDATE 1-World Fuel Services to offer up to 7.57 million shares
September 13, 2010 / 12:53 PM / 7 years ago

UPDATE 1-World Fuel Services to offer up to 7.57 million shares

* Says might use proceeds for potential acquisitions

* Shares down 2 percent premarket

Sept 13 (Reuters) - World Fuel Services Corp (INT.N), which provides services to aircraft, ships and tanker truck loading terminals, said it had filed with the U.S. regulator to offer up to 7.57 million shares.

The company currently has about 59.51 million outstanding shares, according to Thomson Reuters data.

World Fuel Services intends to grant underwriters an option for 30 days to purchase up to 1.14 million additional shares to cover overallotments, if any, the company said.

It expects to use proceeds for general corporate purposes, which may include potential acquisitions, it said.

BofA Merrill Lynch, Credit Suisse and J.P. Morgan are serving as joint book-running managers for the offering.

Shares of the company, valued at about $1.6 billion, were down about 2 percent at $26 in premarket trade. The stock closed at 26.42 Friday on the New York Stock Exchange. (Reporting by Adveith Nair in Bangalore; Editing by Vyas Mohan)

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