Complete Production Services Prices Initial Public Offering.HOUSTON -- Complete Production Services, Inc. (NYSE NYSE See: New York Stock Exchange :CPX CPX Command Post Exercise CPX Culebra Puerto Rico (airport code) CPX Cleft Palate, X-Linked CPX Corel Painter X CPX Compare with X (6502 processor instruction) CPX Command Post/Paper Exercise ) today announced the pricing of its initial public offering of 26,000,000 shares of its common stock, 13,000,000 shares of which will be sold by the Company and 13,000,000 shares by selling stockholders, at $24.00 per share. In connection with the offering, the selling stockholders have granted the underwriters a 30-day option to purchase up to 3,900,000 additional shares, to cover over-allotments, if any. The Company's common stock is expected to begin trading on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "CPX" on April 21, 2006. The underwriters of the offering include Credit Suisse Securities (USA) LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Securities LLC, who are acting as joint book-running managers, and Banc of America Securities LLC, Jefferies & Company, Inc., Johnson Rice & Company L.L.C., Raymond James & Associates, Inc., Simmons & Company International and Pickering Energy Partners, Inc., who are acting as co-managers. The offering is being made only by means of a prospectus, copies of which may be obtained from the office of Credit Suisse, Prospectus Department, One Madison Avenue, New York, NY 10010 (Toll Free: 800-221-1037 or 212-538-5441 or by faxing requests to 212-325-8057). This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Complete Production Services provides specialized services and products focused on helping oil and gas companies develop hydrocarbon reserves, reduce costs and enhance production. The Company operates in major oil and gas producing regions of North America, with concentrations in key resource plays and unconventional basins. |
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