Hess Midstream falls on secondary public offering of 10 mln shares

Hess Midstream LP

16/08/2023 12:57

** Shares of Hess Midstream  HESM.N  decline 6% premarket,
to $28.83
    ** HESM announces secondary public offering of 10 mln shares
at a price of $28.80/share
    ** Price represents a discount of 6% to HESM's last close,
of $30.65
    ** HESM says gross proceeds from the sale are expected to be
$288 million
    ** Offering is expected to close on Aug. 17
    ** HESM shares up 2.4% year-to-date

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94
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