Valero Energy Corporation (NYSE: VLO) announced that it has priced its public offering of 40 million shares of common stock at a price of $18 per share. The offering was made pursuant to the company’s shelf registration statement filed with the Securities and Exchange Commission. The offering is expected to close on June 9, 2009. The company has also granted the underwriters an option to purchase an additional 6 million shares of common stock. Valero intends to use the net proceeds of the offering for general corporate purposes, including its capital spending program as well as recently completed and pending acquisitions. Barclays Capital Inc. and J.P. Morgan Securities Inc. are the joint book-runners for the common stock offering.

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