November 24, 2009 (FinancialWire) — Smith International, Inc. (NYSE: SII) has closed apublic offering of 28 million shares of its common stock at $26.50 per share. J.P. Morgan Securities (NYSE: JPM) acted as the bookrunning manager.

The company plans to use the net proceeds from the offering for debt repayment, general corporate purposes, and funding of potential acquisitions or investments.

Smith International is a provider of products and services used by operators during the drilling, completion and production phases of oil and natural gas development activities.

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