Con Edison Announces Common Share Offering with a Forward Component
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Consolidated Edison, Inc. (NYSE: ED) announced a public offering of 7,000,000 common shares, involving a forward sale agreement with a forward counterparty.
December 03, 2024 | 9:45 pm
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Con Edison announced a public offering of 7 million common shares, which may lead to short-term stock price fluctuations due to increased supply and potential dilution.
The announcement of a public offering of 7 million shares by Con Edison is likely to increase the supply of shares in the market, which can lead to a decrease in stock price due to potential dilution. The forward sale agreement adds complexity but does not negate the immediate impact of increased share supply.
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