American Water (AWK) Announces 37.4M Share Secondary Stock Offering
More News related to AWK
- New Jersey American Water Announces 2010 Environmental Grant Program
- California American Water Seeks Water-Efficient 'Blue Thumb' Gardeners to Star in Advertising Campaign
- California American Water Calls for Continuing Water Conservation in its Los Angeles County Service District
- California American Water Calls for Continuing Water Conservation in Its Ventura County Service District
- California American Water Calls for Continuing Water Conservation in Its San Diego County Service District
More News related to Corporate News
- S&P Announces Change to US Index: TSRA for FIF
- RealNetworks (RNWK) and MTV Networks (VIA-B) to Split Off Joint Venture Rhapsody
- Watts Water (WTS) Board Approves Restructuring Program; Shutting Down 3 Plants, Cutting 95 Jobs
- Transcept Pharmaceuticals (TSPT) Granted U.S. Patent Covering Intermezzo Formulation
- AAR (AIR) Predicts Impact of Mesa's Bankruptcy on Q3 Results
American Water (NYSE: AWK) today announced an offering of 37.4 million shares of common stock, by a subsidiary of RWE AG, as selling stockholder. Pursuant to the offering, all shares will be sold by the selling stockholder with proceeds going to RWE AG.
The selling stockholder has granted the underwriters a 30-day option to purchase up to 3.7 million additional shares. After the offering, and assuming full exercise of the underwriters' option, the selling stockholder will have completed its divestiture of American Water.
BofA Merrill Lynch, Credit Suisse Securities (USA) LLC and Morgan Stanley & Co., Incorporated are acting as joint book-running managers in connection with the offering.
Related Categories
Corporate NewsEquity Offerings
Stocks Mentioned
-0.21Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
