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Warren Resources Trading Down 10% After Offering

By Todd Rosen
October 23, 2009 9:38 AM
Symbols: WRES
Posted in: News, Offerings, Movers
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Warren Resources (Nasdaq: WRES) is tradind down approximately 10% this morning after pricing a secondary offering.

Warren Resources priced 11.77 million shares in a spot secondary. Warren Resources is pricing these shares at $2.60 a share.

BMO Capital and RBC Capital are underwriting the WRES offering.

(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

 
 
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