The underwriters may also purchase up to 3.9 million additional shares of common stock, 1.95 million shares from each of Boots & Coots and Oil States, to cover over-allotments. The offering is expected to close on April 24, 2007.
Boots & Coots will not receive any proceeds from the sale of shares by Oil States. Boots & Coots intends to use the net proceeds from the offering to fund international expansion opportunities in Algeria, other U.S. and international expansion opportunities and for general corporate purposes.
Morgan Keegan & Company, Inc. acted as sole book-running manager of the offering and RBC Capital Markets Corporation acted as co-lead manager of the offering.
Boots & Coots International Well Control, Inc., Houston, Texas, provides a suite of integrated pressure control services to onshore and offshore oil and gas exploration companies around the world.
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