Predict Wall Street - The Stock Prediction Community

News Story

Deutsche Bank Securities to run CVR Energy's share offering

Nov 06, 2009

Dublin, Nov 05, 2009 (M2 PRESSWIRE via COMTEX News Network) -- 6 November 2009 - US refiner and marketer of transportation fuels CVR Energy (NYSE:CVI) said on Thursday it has picked Deutsche Bank Securities as sole underwriter of its public offering of nearly 7.4 million shares.

The Texas-based firm said one of its stockholders, an affiliate of US financial firm Goldman Sachs (NYSE:GS), currently owns 36% of its common stock and will hold around 28% of the outstanding shares after the offering.

CVR Energy will not receive any of the proceeds of the offering.

Comments on this story may be sent to admin@m2.com

(C)2009 M2 COMMUNICATIONS http://www.m2.com

SOURCE: M2 COMMUNICATIONS

More to do @ PredictWallStreet

 
Sponsored Links
Loading...