The Empire District Electric Company (NYSE: EDE) announced today that it plans to sell 3,000,000 shares of its common stock in a public offering. The proposed offering will be conducted pursuant to Empire’s currently effective shelf registration statement. Empire also plans to grant the underwriters an option to purchase up to an additional 450,000 shares to cover over-allotments, if any.
UBS Investment Bank will serve as the sole book-running manager. Wachovia Securities and Stifel, Nicolaus & Company, Incorporated are acting as the co-managing underwriters.
Monday, December 03, 2007
Empire District Electric announces stock offering
Joplin-based Empire District Electric Company has announced a public offering of three million shares. The company's news release reads:
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