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Article Excerpt
RADNOR, Pa. -- Penn Virginia GP Holdings, L.P. (NYSE:PVG) announced today that Penn Virginia Resource GP Corp., an indirect wholly owned subsidiary of Penn Virginia Corporation (NYSE:PVA), intends to offer, subject to market and other conditions, 8,695,655 common units representing limited partner interests in an underwritten public offering. The selling unitholder will also grant the underwriters a 30-day option to purchase up to 1,304,345 additional common units to cover over-allotments, if any. PVG will not receive any of the proceeds from the offering.
Barclays...
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