Laredo Petroleum announces 16M-share public offering

|About: Laredo Petroleum Holdings, ... (LPI)|By:, SA News Editor

Laredo Petroleum (LPI) announces a public offering of 16M shares, including 3M shares by selling shareholder Warburg Pincus.

LPI says proceeds will be used toward planned exploration and development activities, acceleration of its capital program and general corporate purposes; LPI will receive no proceeds from the sale.

Shares -1.7% premarket.

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