Diamondback Energy launches 2M-share secondary offering

• Diamondback Energy (NASDAQ:FANG) -3.1% AH as it launches a public offering of 2M common shares by certain selling stockholders, with an underwriters option to purchase up to an additional 300K shares.
• Entities controlled by Wexford Capital intend to sell 1.058M shares and Gulfport Energy (GPOR) plans to sell 942k shares.
• All net proceeds will go to the selling stockholders.