Cohen & Steers Inc May Offer From Time To Time Shares Of Common Stock In One Or More Offerings; Selling Stockholders May Offer From Time To Time Up To 21.1M Shares Of Common Stock In One Or More Offerings
Portfolio Pulse from Benzinga Newsdesk
Cohen & Steers Inc (CNS) may issue new shares of common stock and selling stockholders may offer up to 21.1M shares in one or more offerings, according to an SEC filing.
May 10, 2024 | 1:11 pm
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Cohen & Steers Inc's potential issuance of new shares and the offering of up to 21.1M shares by selling stockholders could dilute current shareholders' equity and possibly pressure the stock price in the short term.
The announcement of potential new share issuances and the sale of a significant number of shares by existing stockholders typically leads to concerns about equity dilution among investors. This can exert downward pressure on the stock price in the short term as the market anticipates an increase in supply of the company's shares without a corresponding increase in demand.
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