MIDLAND, Texas, June 18, 2013 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (Nasdaq:FANG) ("Diamondback Energy") announced today the launch of an underwritten public offering of 5,000,000 shares of its common stock by certain selling stockholders, subject to market and other conditions. The underwriters will have an option to purchase up to an additional 750,000 shares of common stock from the selling stockholders. The shares to be sold in the offering will be sold by certain entities controlled by Wexford Capital LP and by Gulfport Energy Corporation (Nasdaq:GPOR) ("Gulfport Energy"). The Wexford entities intend to sell 3,373,516 shares and Gulfport intends to sell 1,626,484 shares. All of the net proceeds will go to the selling stockholders.
Diamondback Energy Launches Secondary Common Stock Offering
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