Mach Natural Resources holder to offer shares for up to $11.90 each - Bloomberg

Mach Natural Resources (MNR) shares fell 9.5% pre-market as Kayne Anderson offers up to 8 million unregistered shares at $11.60-$11.90 each, a discount to the previous close. Morgan Stanley is managing the trade. This offering occurs while MNR faces high debt and exposure to weak natural gas prices.

Source: businessinsider The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.