Northwest Natural Gas (NWN) Prices $48M Common Stock Offering
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NW Natural Prices Public Offering of Common Stock
November 10, 2016 10:03 PM ESTPORTLAND, Ore., Nov. 10, 2016 (GLOBE NEWSWIRE) -- Northwest Natural Gas Company, dba NW Natural (NYSE: NWN), announced today the pricing of an underwritten public offering of 880,000 shares of its common stock, at a price to the public of $54.63 per share. In connection with the offering, NW Natural granted the underwriters involved in the offering with a 30-day option to purchase up to an additional 132,000 shares of its common stock. The offering is expected to close on November 16, 2016, subject to customary closing conditions.
The net proceeds will be added to the general... More
NW Natural Announces Common Stock Offering
November 10, 2016 4:07 PM ESTPORTLAND, Ore., Nov. 10, 2016 (GLOBE NEWSWIRE) -- Northwest Natural Gas Company, dba NW Natural (NYSE: NWN), announced today the commencement of an underwritten public offering of 880,000 shares of its common stock. In conjunction with this offering, NW Natural intends to grant the underwriters a 30-day option to purchase up to an additional 132,000 shares of its common stock.
The net proceeds will be added to the general funds of NW Natural and will be used for general corporate purposes, primarily to fund, in part, NW Naturals ongoing utility construction program. A portion... More
