Energy Transfer Announces Secondary Public Offering Of Common Units: Commences Underwritten Secondary Public Offering Of An Aggregate Of 38,755,996 Of Its Common Units Representing Limited Partner Interests
Portfolio Pulse from Benzinga Newsdesk
Energy Transfer has announced a secondary public offering of 38,755,996 common units representing limited partner interests. This underwritten secondary public offering could impact the stock price in the short term.
August 09, 2024 | 11:14 am
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Energy Transfer has announced a secondary public offering of 38,755,996 common units representing limited partner interests. This could lead to short-term downward pressure on the stock price due to potential dilution.
The announcement of a secondary public offering typically leads to concerns about dilution among investors, which can result in short-term downward pressure on the stock price. The offering of 38,755,996 common units is significant and could impact investor sentiment.
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