DENVER (AP) - Underwriters of MarkWest Energy Partners LP's stock offering
have exercised an option to purchase an additional 750,000 shares for $23.4
million, the natural-gas partnership said Thursday.
MarkWest expects total net proceeds of about $172 million from its offering
of 5 million shares, with the overallotment option. Underwriters exercised the
option for additional stock at $31.15 apiece.
Lehman Brothers and Morgan Stanley acted as joint book-running managers for
the offering. RBC Capital Markets and Wachovia Securities acted as senior
co-managers, and Deutsche Bank Securities and JPMorgan acted as co-managers.
MarkWest shares gained 12 cents to $31.44 in afternoon trading.
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