Join The Discussion

 

RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

read more >

Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

read more >

20 from Dallas-Fort Worth on Forbes wealthiest list

There are 20 Dallas-Fort Worth residents listed among the 400 richest Americans, according to the Forbes 400 list of The Richest People in America 2014.

read more >

Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

read more >

Texas Wesleyan acquires two strip shopping centers on East Rosedale

Texas Wesleyan University has purchased two strip shopping centers on East Rosedale Street across from its Southeast Fort Worth campus, the university’s president said Friday.

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
Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?