Extraction Oil & Gas pipes in M&A capital

摘要

A pre-open private placement last Monday fetched US$457m for extraction oil & gas to partly fund the acquisition of more acreage in Colorado's DJ Basin. Extraction issued just over 25m shares at US$18.25, a discount of about 12% to the US$20.71 last sale on Friday, 18% below the 10-day trailing VWAP and compared with the US$19 pricing on its 33.3m-share IPO in October.