NiSource Inc Intends To Remarket Series C Mandatory Convertible Preferred Stock Relating To Its 2021 Equity Units Offering, Says It Is Consistent With Its Long-Term Financial Plan
Portfolio Pulse from Benzinga Newsdesk
NiSource Inc. plans to remarket its Series C Mandatory Convertible Preferred Stock as part of its 2021 Equity Units offering. The company states that this move aligns with its long-term financial plan.
September 15, 2023 | 10:43 am
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NiSource's decision to remarket its Series C Mandatory Convertible Preferred Stock could potentially attract new investors, potentially leading to a short-term increase in stock price.
The remarketing of NiSource's Series C Mandatory Convertible Preferred Stock is a strategic move that could attract new investors. This could increase demand for the stock, potentially leading to a short-term increase in its price. However, the long-term impact will depend on the company's overall financial performance and market conditions.
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