- SM Energy (NYSE:SM) -3.6% AH after announcing a public offering of 8M common shares, with an underwriters option to purchase up to an additional 1.2M units.
- SM says it plans to use the proceeds to acquire ~4,100 net acres of additional oil and gas assets in the Midland Basin, to pay down debt and for general corporate purposes.
SM Energy to launch 8M-share offering
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| Symbol | Last Price | % Chg |
|---|---|---|
| SM | - | - |
| SM Energy Company | ||