13.33%XLF 20.95 6.72%SPY 125.51 2.08%
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HOUSTON - Oil and gas company Petrohawk Energy Corp. said Tuesday it plans to sell 21 million shares in a public offering.
| HK | 32.26 |  -1.56 |
The company, which offered the underwriters an option to buy up to 3.2 million more shares to cover overallotments, plans to use proceeds to repay debt.
Lehman Brothers and Merrill Lynch & Co. are joint book-running managers of the offering.
Shares of Petrohawk Energy rose $1.85, or 7.6 percent, to close at $26.36.
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