Penn Virginia (PVG) Subsidiaries Price 8.83M Common Unit Offering at $16.08/Unit
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Penn Virginia GP Holdings, L.P. (NYSE: PVG) announced today that indirect wholly owned subsidiaries of Penn Virginia Corporation (NYSE: PVA) have priced their public offering of an aggregate of 8,827,429 common units representing limited partner interests in PVG.
The units were offered to the public at a price of $16.08 per unit. Closing of the offering is expected to occur on or about June 7, 2010, subject to customary closing conditions. PVG will not receive any of the proceeds from the offering. Barclays Capital acted as the underwriter for the offering.
The units were offered to the public at a price of $16.08 per unit. Closing of the offering is expected to occur on or about June 7, 2010, subject to customary closing conditions. PVG will not receive any of the proceeds from the offering. Barclays Capital acted as the underwriter for the offering.
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