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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Jul. 1, 12:24 AM

Slide #22. TETRA Technologies, Inc. Secondary Offering

Company: TETRA Technologies, Inc. (NYSE:TTI)
Date announced: 6/15/2016
Shares Offered: 10,000,000
Date of Pricing: 6/16/2016
Price Per Share: $5.50
Secondary Offering Details: TETRA Technologies, Inc. (NYSE:TTI) (the "Company" or "TETRA") today announced that it has commenced an underwritten public offering of approximately 10,000,000 shares of its common stock. BofA Merrill Lynch and Wells Fargo Securities will serve as lead underwriters and joint book-running managers for the offering. TETRA also expects to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock from the Company. -updated 6/16- TETRA Technologies, Inc. (NYSE: TTI) (the "Company" or "TETRA") announced today that it priced its previously announced underwritten public offering of 10,000,000 shares of its common stock at $5.50 per share. The offering includes a 30-day option for the underwriters to purchase up to an additional 1,500,000 shares of common stock at the same per share price. The offering is expected to close on June 21, 2016, subject to customary conditions.

TETRA Technologies is an oil and gas services company. Co.'s Fluids Division manufactures and markets clear brine fluids, additives, and associated products and services. Co.'s Production Testing division provides frac flowback, production well testing, offshore rig cooling, and other associated services. Co.'s Compression Division provides compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. Co.'s Offshore Division consists of two segments: Offshore Services, which provides downhole and subsea services, decommissioning and construction services, and diving services; and Maritech, an oil and gas production operation.

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Company Name:  TETRA Technologies, Inc.
Sector:  Oil & Gas Equipment & Services
Number of ETFs Holding TTI:  32
Total Market Value Held by ETFs:  $38.32M
Total Market Capitalization:  $472.00M
% of Market Cap. Held by ETFs:  8.12%

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July 1, 2016    12:24 AM Eastern
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Strong Buy (3.50 out of 4)
68th percentile
(ranked higher than approx. 68% of all stocks covered)
Based on Zacks ABR data;
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