Deere & Co Files For Mixed Shelf; Size Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Deere & Co has filed for a mixed shelf offering with the SEC, though the size of the offering has not been disclosed.

June 30, 2023 | 1:33 pm
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NEGATIVE IMPACT
Deere & Co's filing for a mixed shelf offering could potentially dilute existing shares, depending on the size of the offering.
A mixed shelf offering allows a company to issue various types of securities (stocks, bonds, etc.) over a certain period. The impact on Deere & Co's stock will depend on the size of the offering. If it's large, it could dilute existing shares, potentially leading to a decrease in share price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100