1.78%XLF 20.53 6.48%QQQQ 45.97 2.38%
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PITTSBURGH (AP) - Atlas Energy Resources LLC is selling more stock than planned a day earlier, the energy company said Thursday.
| ATN | 37.58 |  -0.38 |
Atlas Energy now plans to sell 1.8 million shares of stock, whereas on Thursday the company said it planned to sell 1.6 million.
The underwriters of the sale -UBS and Wachovia -will be granted options to buy 270,000 shares at the same price. The previous option was for 240,000 shares.
Atlas is using the money raised through this sale to pay off debt, allowing the company to borrow more and invest in more projects.
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