Oil and gas independent Apache has priced its offering of 8.2 million shares of common stock at a public offering price of $61 per share. Apache has granted the underwriters an option to purchase an additional 1.23 million shares of common stock to cover over-allotments, if any.
Apache Corporation is a large oil and gas independent with operations in the United States, Canada, Egypt, Western Australia, China, Argentina and Poland. The common stock is expected to be issued on January 22, subject to customary conditions. Morgan Stanley & Co. Incorporated is acting as lead manager. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
