Join The Discussion

 

Moves by Jeb Bush add to talk of 2016 candidacy

WASHINGTON — Jeb Bush's decision to release a policy-laden e-book and all his emails from his time as governor of Florida has further stoked expectations among his allies that he will launch a presidential bid.

read more >

Ebby Halliday acquires Fort Worth’s Williams Trew

Williams Trew Real Estate of Fort Worth has been acquired by Dallas-based residential real estate brokerage Ebby Halliday Real Estate Inc.

read more >

Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

read more >

Cousins Properties to sell 777 Main tower in downtown Fort Worth

Cousins Properties Inc. has confirmed plans to sell the 777 Main office tower in downtown Fort Worth, according to a news release from the Atlanta-based real estate investment firm.

read more >

Glen Garden sale closes, distillery on tap

Firestone & Robertson Distilling Co. closed late Wednesday on its purchase of the historic Glen Garden Country Club in southeast Fort Worth, with plans to convert it into a whiskey distillery and bucolic visitor attraction.

read more >

Texas energy company raises $390M from IPO

 

NEW YORK (AP) — Independent oil and natural gas company RSP Permian has raised $390 million from an initial public offering of its common stock.

The offering of 20 million shares was priced at $19.50 per share.

RSP Permian Inc. is selling about 9.2 million shares, while selling stockholders are selling approximately 10.8 million shares.

The selling stockholders are giving the underwriters a 30-day option to buy up to an additional 3 million shares to cover any excess demand.

Dallas-based RSP Permian plans to use about $166 million in net proceeds to fully repay its term loan; to make cash payments to some existing investors; to pay bonuses to certain employees, to lower outstanding borrowings under a revolving credit facility and to fund part of its capital expenditure plan.

The company won't receive any proceeds from shares sold by the selling stockholders.

The stock is expected to start trading on the New York Stock Exchange on Friday under the "RSPP" ticker symbol.

The offering is expected to close on Thursday.


 

< back

Email   email
hide
TCU/Baylor
Did the College Football Playoff Committee get it right?