8.86%C 6.45 22.20%F 2.55 5.20%
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PHILADELPHIA - Atlas Pipeline Partners LP, which transports and processes natural gas, said Tuesday it will publicly offer 5 million common limited partner units and will use the proceeds for the termination of certain crude oil derivative agreements.
| APL | 6.85 |  -0.43 |
The company said underwriters will get a 30-day option to buy an additional 750,000 shares to cover over-allotments. Wachovia Securities, Citi, Lehman Brothers and UBS Investment Bank will act as joint book-running managers for the offering.
Shares of Atlas fell $1.90, or 4.7 percent, to close at $38.60, after hitting a 12-month low of $38.60 earlier in the session.
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