Boeing Prices Upsized Offering Of 112.5M Common Shares At $143 Each And $5B Depositary Shares
Portfolio Pulse from Benzinga Newsdesk
Boeing has announced the pricing of its public offerings, which include 112.5 million common shares at $143 each and $5 billion in depositary shares. The net proceeds are expected to be used for general corporate purposes, including debt repayment and investments.
October 29, 2024 | 6:20 am
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Boeing has priced its offering of 112.5 million common shares at $143 each and $5 billion in depositary shares. The proceeds will be used for general corporate purposes, potentially impacting stock price.
The issuance of new shares can lead to stock dilution, which may negatively impact the stock price in the short term. However, the use of proceeds for debt repayment and corporate investments could be seen positively in the long term.
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