(RTTNews) -  Smith International Inc. (SII: News ) said that it has closed its public offering of 28 million shares of its common stock at $26.50 per share.

The company will use the net proceeds from the offering for debt repayment, general corporate purposes, and funding of potential acquisitions or investments.
J.P. Morgan Securities Inc. acted as the book-running manager of the offering.

Click here to receive FREE breaking news email alerts for Smith International and others in your portfolio

by RTT Staff Writer

For comments and feedback: contact editorial@rttnews.com