NiSource Reports Decision To Postpone Remarketing Of Its Series C Mandatory Convertible Preferred Stock Citing Market Conditions
Portfolio Pulse from Benzinga Newsdesk
NiSource has announced its decision to postpone the remarketing of its Series C Mandatory Convertible Preferred Stock due to market conditions. The remarketing was initially planned to take place during the optional remarketing period from October 2, 2023, to October 23, 2023.
September 28, 2023 | 10:33 am
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NiSource's decision to postpone the remarketing of its Series C Mandatory Convertible Preferred Stock could potentially impact its stock price in the short term.
The decision to postpone the remarketing of its Series C Mandatory Convertible Preferred Stock is a significant event for NiSource. This could potentially lead to uncertainty among investors, which might impact the stock price. However, the exact impact will depend on the overall market conditions and investor sentiment towards the company.
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