TETRA Technologies Inc. - 2011-06-08
Description
The comapny reported that its subsidiary, Compressco Partners LP (Nasdaq: GSJK), has commenced, subject to market conditions, an underwritten initial public offering of approximately 2,500,000 of its common units representing limited partner interests. Compressco Partners also intends to grant the underwriters a 30-day option to purchase up to approximately 375,000 additional common units.
Raymond James & Associates Inc. and J.P. Morgan Securities LLC are acting as joint book running managers for the offering. RBC Capital Markets LLC is acting as co-manager for the offering.