Statoil ASA - 2011-11-08
Description
The company has commenced an underwritten public offering of 6,750,000 shares of common stock pursuant to an effective shelf registration statement. This represents an offering of $213.3 million. The company expects to grant the underwriters a 30-day option to purchase up to an additional 1,012,500 shares.
Barclays Capital, J.P. Morgan and Wells Fargo Securities will act as joint book-running managers for the Offering. Global Hunter Securities, LLC, Johnson Rice & Company LLC, Pritchard Capital Partners and Simmons & Company International will act as co-managers.