| 21.04.2011 - Frac Tech IPO seen postponed after buyout |
| A leveraged buyout of oilfield services company Frac Tech Services Inc by Singapore's sovereign wealth fund and an Asian private equity fund will likely push back the company's planned initial public offering, analysts said on Wednesday. Frac Tech, a Texas company, on Tuesday agreed to sell 70 percent of the company to a unit of Singapore's Temasek and RRJ Capital, a fund run by Richard Ong..............................................Full Article: Source |