Cousins Properties Announces Public Offering of 9,500,000 Shares of Common Stock
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Cousins Properties has announced a public offering of 9.5 million shares to fund the purchase of an office property in Downtown Austin.
December 10, 2024 | 9:30 pm
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Cousins Properties is issuing 9.5 million shares to raise funds for acquiring an office property in Downtown Austin.
The issuance of new shares typically leads to dilution of existing shares, which can negatively impact the stock price in the short term. The funds raised are intended for a strategic acquisition, which may benefit the company in the long run, but the immediate effect is likely negative due to dilution.
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