AES Announces Secondary Offering of Approximately 60 Million Shares of Common Stock by a Subsidiary of CIC and Concurrent Repurchase of 20 Million Shares of AES Common Stock

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Go back to AES Announces Secondary Offering of Approximately 60 Million Shares of Common Stock by a Subsidiary of CIC and Concurrent Repurchase of 20 Million Shares of AES Common Stock

AES Corp (AES) Prices 60M Common Secondary Offering at $13.25/Share

May 13, 2015 8:05 AM EDT

AES Corp (NYSE: AES) announced the pricing of the Companys previously announced secondary public offering of an aggregate of approximately 60 million shares of its common stock (the Offering), by Terrific Investment Corporation (the Selling Stockholder), a subsidiary controlled by China Investment Corporation (CIC), with approximately 40 million shares offered to the public at $13.25 per... More

AES Corp (AES) Announces 60M Common Secondary Offering

May 12, 2015 4:51 PM EDT

AES Corp (NYSE: AES) announced the launch of a registered secondary public offering of approximately 60 million shares of AES common stock (the Offering), all of which will be offered by Terrific Investment Corporation (the Selling Stockholder), a subsidiary controlled by China Investment Corporation (CIC). AES will not receive any of the proceeds from the Offering.

Morgan Stanley is acting as the underwriter for the offering. As part of the Offering, at the Selling Stockholders instruction, the underwriter has reserved 20 million shares to be sold to AES at a... More