Exterran Holdings to sell 4.6 million shares in subsidiary Exterran Partners
By APTuesday, September 7, 2010
Exterran Holdings to sell shares in subsidiary
HOUSTON — Oil and gas industry services company Exterran Holdings Inc. said Tuesday that it is proposing to sell 4.6 million shares in its Exterran Partners LP subsidiary.
A preliminary prospectus was filed by Exterran Partners with the Securities and Exchange Commission on Tuesday. Exterran Partners provides natural gas contract operations services to customers throughout the United States.
The offering has not been priced. Underwriters will have the option to buy an additional 690,000 shares in the event demand exceeds initial supply.
Exterran Partners is not selling the shares and will not receive proceeds from the sale, the company said. Wells Fargo Securities, BofA Merrill Lynch, Barclays Capital, Credit Suisse and J.P. Morgan are acting as joint book-running managers.
Shares of Exterran Holdings slipped 32 cents to close at $23.20.
Tags: Houston, North America, Ownership Changes, Texas, United States