Kosmos Energy's stock tumbles after largest shareholders pare holdings
Shares of Kosmos Energy Ltd. tumbled 6.5% in premarket trade Tuesday, after the oil and gas exploration company said a large stock offering by its two largest shareholders priced at a discount. The company said late Monday that Blackstone Group , its second-largest shareholder, was selling 30 million shares to the public, and that Warburg Pincus, its largest shareholder, was selling 10 million shares. The secondary offering represents about 10.3% of the total shares outstanding. On Tuesday, Kosmos said the offering priced at $7.25 a share... Читать дальше...