Cousins Properties Prices Public Offering of 9,500,000 Shares of Common Stock
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Cousins Properties has announced a public offering of 9,500,000 shares of its common stock, aiming to raise approximately $284 million before expenses.
December 11, 2024 | 1:15 pm
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Cousins Properties is conducting a public offering of 9.5 million shares, expected to raise $284 million before expenses. This could lead to short-term stock price fluctuations.
The issuance of new shares typically dilutes existing shareholders' equity, which can lead to a decrease in stock price. The offering aims to raise significant capital, which may be viewed positively if used for growth, but the immediate effect is often negative due to dilution.
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