The Online Investor
OLI Premium
Retiree Portfolio
Stock Option Ideas
Preferred Stock Newsletter
ChartZero.com
ChartZero

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Aug. 29, 9:11 PM

Slide #8. Southern Company Secondary Offering

Company: Southern Company (NYSE:SO)
Date announced: 8/16/2016
Shares Offered: 32,500,000
Date of Pricing: 8/16/2016
Price Per Share: $49.23
Secondary Offering Details: Southern Company (NYSE: SO) today announced that it has commenced an underwritten public offering of 32.5 million shares of its common stock, through which it expects to raise gross proceeds of approximately $1.6 billion. Barclays, Goldman, Sachs & Co., Morgan Stanley and Wells Fargo Securities are acting as joint book-running managers of this offering. The net proceeds from the offering will be used to fund a portion of the purchase price for the pending purchase of a 50% equity interest in Southern Natural Gas and for other general corporate purposes, which may include the investment by the company in its subsidiaries, including Southern Power. The offering is expected to close on August 19, subject to customary closing conditions. -updated 8/16- Southern Company (NYSE: SO) today announced that it has priced its previously-announced underwritten public offering of 32.5 million shares of its common stock for gross proceeds of approximately $1.6 billion. Barclays, Goldman, Sachs & Co., Morgan Stanley and Wells Fargo Securities are acting as joint book-running managers of this offering. The net proceeds from the offering will be used to fund a portion of the purchase price for the pending purchase of a 50% equity interest in Southern Natural Gas and for other general corporate purposes, which may include the investment by the company in its subsidiaries, including Southern Power. The offering is expected to close on August 19, subject to customary closing conditions.

Southern is a holding company. Through its subsidiaries, Alabama Power Company, Georgia Power Company, Gulf Power Company and Mississippi Power Company, each of which is an operating public utility company, Co. supplies electric service in the states of Alabama, Georgia, Florida, and Mississippi. In addition, Co. owns all of the common stock of Southern Power Company, which is also an operating public utility company that constructs, acquires, owns, and manages generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market.

Southern Co SEC Filing Email Alerts Service

Preferreds: ALP.PRN, GPE.PRA, MP.PRD, ALP.PRO, ALP.PRP


Open the SO Page at The Online Investor »

Company Name:  Southern Company (The)
Website:  www.southerncompany.com
Sector:  Electric Utilities
Number of ETFs Holding SO:  91
Total Market Value Held by ETFs:  $2.54B
Total Market Capitalization:  $48.83B
% of Market Cap. Held by ETFs:  5.21%
 

Open the SO Page at The Online Investor (in a new window) »

August 29, 2016    9:11 PM Eastern
Quotes delayed 20 minutes



Hold (1.97 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Secondary Stock Offerings | www.TheOnlineInvestor.com | Copyright © 1998 - 2016, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.