Piedmont Natural Gas (PNY) Prices 4M Common Offering at $32/Share

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Piedmont Natural (PNY) Announces 4M Common Offering

January 28, 2013 4:08 PM EST

Piedmont Natural Gas (NYSE: PNY) announced today that it intends to offer approximately 4,000,000 shares of its common stock in a registered underwritten public offering. Of the approximately 4,000,000 shares of Piedmont common stock being offered, Piedmont expects to sell approximately 3,000,000 shares to the underwriters in the offering, and the forward counterparty (as defined below) expects to borrow and sell to such underwriters approximately 1,000,000... More