C&J Energy shares fall on secondary offering announcement
C&J Energy Services Inc. shares fell in the extended session Thursday after the oilfield services company announced a secondary offering of its stock. C&J shares fell 13% to $32.55 after hours. The company said it is offering 6 million shares of stock and an unnamed stockholder is selling 1 million shares. Underwriters will get about 1 million shares to cover overallotments. The company currently has 56.2 million shares outstanding.
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