PG&E Corporation Announces Pricing of Concurrent Offerings of Common Stock and Mandatory Convertible Preferred Stock
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PG&E Corporation has announced the pricing of its concurrent public offerings of common stock and mandatory convertible preferred stock. The company is offering 48,661,800 shares of common stock at $20.55 per share and 28,000,000 shares of Series A mandatory convertible preferred stock at $50.00 per share.
December 03, 2024 | 3:30 am
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PG&E Corporation has set the pricing for its public offerings of common and preferred stock, which could impact the stock price due to changes in supply and investor sentiment.
The announcement of a large stock offering can lead to a short-term decrease in stock price due to increased supply and potential dilution of existing shares. The market's reaction will depend on investor sentiment and the perceived use of the raised capital.
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