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Stock impact report

Con Edison Announces Common Share Offering

Consolidated Edison, Inc. (ED) 
Last consolidated edison, inc. earnings: 2/20 04:55 pm Check Earnings Report
Company Research Source: GlobeNewswire
NEW YORK, May 07, 2019 (GLOBE NEWSWIRE) -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today announced the offering of 5,800,000 of its common shares. In connection with the forward sale agreement described below, the forward counterparty (as defined below) has agreed to borrow from third parties and sell such shares to Wells Fargo Securities, LLC, which is acting as the underwriter in connection with this offering. The underwriter may offer the common shares in transactions on the New York Stock Exchange, in the over-the-counter-market or through negotiated transactions at market prices or negotiated prices. Pursuant to the forward sale agreement, Con Edison expects to issue and deliver to an affiliate of Wells Fargo Securities, LLC, in its capacity as forward counterparty (the “forward counterparty”), 5,800,000 of its common shares upon physical settlement of the forward sale agreement in exchange for cash proceeds per share equal to a forward price per share determined as Show less Read more
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