Smith International (SII) Completes 28 Million Share Offering
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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.
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