Energy Transfer LP Files For Offering Of Up To 5.8M Common Units By The Selling Unitholders
Portfolio Pulse from Benzinga Newsdesk
Energy Transfer LP has filed for an offering of up to 5.8 million common units by the selling unitholders, according to an SEC filing.
July 17, 2024 | 8:36 pm
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Energy Transfer LP has filed for an offering of up to 5.8 million common units by the selling unitholders. This could lead to a short-term increase in supply of shares, potentially putting downward pressure on the stock price.
The offering of additional common units by selling unitholders increases the supply of shares in the market, which can lead to a decrease in the stock price due to the dilution effect. Investors may react negatively in the short term.
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