WFS announces stock offering

Mon 13 Sep 2010, 12:01 GMT

WFS announces stock offering

US firm intends to offer up to 7.57 million shares of its common stock in a public offering.

Leading marine, aviation and land fuel specialist World Fuel Services Corporation (WFS) has announced today that it intends to offer, subject to market and other conditions, up to 7,570,000 shares of its common stock in a registered underwritten public offering.

The company plans to grant the underwriters an option for 30 days to purchase up to 1,135,500 additional shares to cover overallotments, if any.

WFS said it intends to use the proceeds for general corporate purposes, which 'may include' potential acquisitions.

BofA Merrill Lynch, Credit Suisse and J.P. Morgan are serving as joint book-running managers for the common stock offering

United States


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