Premcor completes common stock offerings to finance acquisitions.

(From Chemical Business NewsBase - Press Release)

Premcor Inc has completed its public offering of 12.5 M shares of common stock at $20/share. Additionally, in a private placement that was completed concurrently with the closing of the public offering, an aggregate of 2,860,400 shares were purchased at the public offering price less underwriting commissions, or $19.2/share, by affiliates of The Blackstone Group LP, affiliates of Occidental Petroleum Corp, Thomas D O'Malley, the company's chairman and chief executive officer, and certain officers of the company. Net proceeds from the public offering and the private placement aggregated $293.9 M. Premcor expects to use …