Middlesex Water (MSEX) Announces Proposed Common Share Offering of Approx. $35M
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Middlesex Water Company Announces Proposed Public Offering of Common Stock
November 19, 2019 4:03 PM ESTISELIN, N.J., Nov. 19, 2019 (GLOBE NEWSWIRE) -- Middlesex Water Company (Middlesex or the Company) (NASDAQ: MSEX), a provider of regulated and unregulated water and wastewater utility services, announced today a proposed public offering of approximately $35 million of shares of its common stock. All of the shares are being offered by Middlesex.  In addition, Middlesex intends to grant the underwriters a 30-day option to purchase up to an additional $5.25 million of shares of its common stock.Â
Middlesex intends to use the net proceeds from the offering for general corporate purposes, including paying down short-term borrowings,... More
