Why Athlon Energy (ATHL) Stock Is Falling Today

NEW YORK (TheStreet) -- Athlon Energy (ATHL) was falling 4.9% to $45.31 Friday after pricing a 12.5 million share public offering for selling shareholders.

The company priced the 12.5 million shares in the offering at $46.25 a share. The underwriters of the offer were given a 30-day option to buy up to 1.875 million more shares.

Funds affiliated with Apollo Global Management (APO) will sell the shares included in the offering. Athlon won't receive any proceeds from the offering at it is not selling any shares.

Must read: Warren Buffett's 25 Favorite Stocks

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ATHL ChartATHL data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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