Access Midstream Partners Secondary Unit Issue Priced

A secondary offering of Access Midstream Partners common units now has a price tag. The company announced that the 8 million units being sold by major holder Global Infrastructure Partners II have been offered to the public at $46.47 per unit. Additionally, the issue's underwriter, Barclays, has been granted a 30-day purchase option for up to an additional 1.2 million units.

In the press release announcing the news, Access Midstream Partners stressed that it will receive no proceeds from the offering, as it is not the selling party.

At the moment, the company has 176.8 million units outstanding, which currently trade at $46.96 apiece.

The article Access Midstream Partners Secondary Unit Issue Priced originally appeared on

Fool contributor Eric Volkman and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.