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Hess Corporation
HES today announced the pricing of its
previously announced concurrent underwritten public offerings of
25,000,000 shares of its common stock at a price of $39.00 per share,
and 10,000,000 depositary shares, each of which represents a 1/20th
interest in a share of its 8.00% Series A Mandatory Convertible
Preferred Stock (the "Convertible Preferred Stock"), $1.00 par value per
share, with a liquidation preference of $1,000 per share of Convertible
Preferred Stock (equivalent to $50 per depositary share), at a price of
$50 per depositary share. In addition, the underwriters in each
respective offering have been granted a 30-day option to purchase up to
3,750,000 additional shares of common stock and up to 1,500,000
additional depositary shares. The common stock
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