Click here for PDF version
HOUSTON, May 12, 2009 (BUSINESS WIRE) -- Anadarko Petroleum Corporation (NYSE:APC) today announced that it has
priced its public offering of 30 million shares of common stock.
Anadarko has granted the underwriters a 30-day option to purchase up to
an additional 4.5 million shares of common stock. The shares were
offered to the public at $45.50 per share. The offering is
expected to settle and close on May 15, 2009, subject to customary
closing conditions. Net proceeds from the offering are expected to be
used for general corporate purposes, including future capital
expenditures.
UBS Investment Bank and Barclays Capital are acting as joint
book-running managers for the offering. The offering will be made only
by means of a prospectus and related prospectus supplement, copies of
which may be obtained from UBS Investment Bank, 299 Park Avenue, New
York, New York, 10171, Attention Prospectus Department (phone:
888-827-7275) and Barclays Capital c/o Broadridge Integrated
Distribution Services, 1155 Long Island Avenue, Edgewood, NY 11717; Barclaysprospectus@broadridge.com
(phone: 888-603-5847). An electronic copy of the prospectus and
prospectus supplement is available from the U.S. Securities and Exchange
Commission's Web site at www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, 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.
The offer is being made only through the prospectus as supplemented,
which is part of a shelf registration statement that became effective on
September 8, 2006.
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. Anadarko believes that its
expectations are based on reasonable assumptions. No assurance, however,
can be given that such expectations will prove to have been correct. A
number of factors could cause actual results to differ materially from
the projections, anticipated results or other expectations expressed in
this news release, including Anadarko's ability to successfully close on
the common stock offering and to use the net proceeds as indicated in
this news release. See "Risk Factors" in the company's 2008 Annual
Report on Form 10-K and other public filings and press releases.
Anadarko undertakes no obligation to publicly update or revise any
forward-looking statements.
SOURCE: Anadarko Petroleum Corporation
Anadarko Petroleum Corporation
Media:
John Christiansen, 832-636-8736
john.christiansen@anadarko.com
Matt Carmichael, 832-636-2845
matt.carmichael@anadarko.com
Investors:
John Colglazier, 832-636-2306
john.colglazier@anadarko.com
Chris Campbell, CFA, 832-636-8434
chris.campbell@anadarko.com