NiSource Inc. Reveals Settlement Rate For Purchase Contract Component Of 2021 Equity Units Offering, Each Holder Of Corporate Unit Will Get 3.9295 Shares of NiSource Common Stock With Cash To Be Paid In Lieu Of Any Fractional Share
Portfolio Pulse from Benzinga Newsdesk
NiSource Inc. has announced the settlement rate for the purchase contract component of its 2021 Equity Units offering. Holders of the corporate unit will receive 3.9295 shares of NiSource common stock, with cash paid for any fractional shares.
December 01, 2023 | 11:33 am
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NiSource Inc. has defined the settlement rate for its 2021 Equity Units, with each corporate unit holder receiving 3.9295 shares of common stock and cash for fractional shares.
The announcement provides clarity on the settlement of the 2021 Equity Units offering, which is likely to be viewed positively by investors. The distribution of additional shares may dilute existing shareholders but also indicates completion of a planned corporate action. The cash payment for fractional shares is a standard procedure.
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