Lufkin Industries Announces Public Offering of Common Stock of 2.5M Shares
Lufkin Industries, Inc. (NASDAQ: LUFK) announced today that it has commenced an underwritten public offering of 2,500,000 shares of common stock pursuant to an effective shelf registration statement. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 375,000 shares.
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