Smith International (SII) Completes 28 Million Share Offering

November 23, 2009 2:11 PM EST

Smith International, Inc. (NYSE: SII) has closed its previously announced public offering of 28,000,000 shares of its common stock at $26.50 per share. The net proceeds from the offering will be used for debt repayment, general corporate purposes, and funding of potential acquisitions or investments.

Smith International, Inc. is a global provider of products and services used by operators during the drilling, completion and production phases of oil and natural gas development activities.

[SM]


Related Categories

Equity Offerings

Stocks Mentioned

SII 38.84

+0.00 +0.00%
Volume: 500
Track SII


Add Your Comment





Follow StreetInsider.com On Twitter