PITTSBURGH, May 7 /PRNewswire-FirstCall/ -- Equitable Resources, Inc.
(NYSE: EQT) today announced that it has priced a public offering of
7,500,000 shares of its common stock at $67.75. The company has also
granted the underwriters a 30-day option to purchase a maximum of 1,125,000
additional shares of its common stock. Equitable expects the issuance and
delivery of the shares to occur on May 12, 2008, subject to customary
closing conditions. The offering is being made pursuant to an effective
registration statement filed with the Securities and Exchange Commission.
Equitable intends to use the net proceeds from the offering for general
corporate purposes, including for Appalachian natural gas drilling,
development and infrastructure projects.
Deutsche Bank Securities Inc., Banc of America Securities LLC, Credit
Suisse Securities (USA) LLC and Lehman Brothers Inc. are acting as joint
book- running managers for the offering. The offering is being made only by
means of a prospectus and related prospectus supplement, copies of which,
when available, may be obtained by mail from the offices of Deutsche Bank
Securities Inc., Attn: Prospectus Department, 100 Plaza One, 2nd Floor,
Jersey City, NJ, 07311, by telephone at (800) 503-4611 or by email to
prospectus.cpdg@db.com; by mail from the offices of Banc of America
Securities LLC, Capital Markets Operations, 100 West 33rd Street, 3rd
Floor, New York, NY 10001 or by e-mail to
dg.prospectus_distribution@bofasecurities.com; by mail from the offices of
Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One
Madison Avenue, New York, New York 10010 or by telephone to (800) 221-1037;
or by mail from the offices of Lehman Brothers Inc., c/o Broadridge,
Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, NY
11717, by fax to (631) 254-7140, by telephone to (888) 603-5847 or by
e-mail to qiana.smith@broadridge.com. An electronic copy of the prospectus
will be available on the website of the Securities and Exchange Commission
at http://www.sec.gov.
Equitable Resources is a natural gas-focused energy company, with an
emphasis on Appalachian area natural gas activities, including production,
gathering, processing, transmission, storage and distribution. For
information please visit http://www.eqt.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state or country in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any state or country.
SOURCE Equitable Resources, Inc.
 back to top
Related links:
http://www.eqt.com
CONTACT:
Patrick Kane of Equitable Resources, Inc.,
+1-412-553-7833
|
