Nov 05, 2009 (FinancialWire via COMTEX News Network) -- (Comment on this article at http://www.financialwire.net/2009/11/05/superior-well-services-sells-69-million-common-shares/)
November 5, 2009 (FinancialWire) -- Superior Well Services, Inc. (NASDAQ: SWSI) has closed its public offering of 6.9 million shares of common stock, which includes the full exercise of the underwriters' over-allotment option of 900,000 shares. BofA Merrill Lynch (NYSE: BAC) served as book-running manager. All shares were sold at a price of $10.50 per share.
The company saw net proceeds of around $68.8 million.
Indiana, Pennsylvania-based Superior Well Services is an oilfield services company operating that provides range of wellsite solutions to oil and natural gas companies, primarily technical pumping services and down-hole surveying services.
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