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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., Aug. 21, 3:08 AM

Slide #12. Ameren Corporation Secondary Offering

Company: Ameren Corporation (NYSE:AEE)
Date announced: 8/5/2019
Shares Offered: 7,549,205
Date of Pricing: 8/5/2019
Price Per Share: $74.30
Secondary Offering Details: Ameren Corporation (NYSE: AEE) today announced the pricing of a registered underwritten offering of 7,549,205 shares of its common stock at a price to the public of $74.30 per share. In connection with the forward sale agreement described below, subject to certain conditions, all shares are expected to be borrowed by the forward counterparty (as defined below) (or its affiliate) from third parties and sold to Goldman Sachs & Co. LLC, which is acting as the underwriter in connection with this offering. Ameren will issue and sell shares to the underwriter to the extent that the forward counterparty (or its affiliate) does not borrow and sell such number of shares. Closing of this offering is expected to occur on or about August 7, 2019.

Ameren is a public utility holding company. Through its subsidiary, Union Electric Company, Co. operates a rate-regulated electric generation, transmission, and distribution business and a rate-regulated natural gas distribution business in Missouri. Through its subsidiary, Ameren Illinois Company, Co. operates rate-regulated electric transmission, electric distribution, and natural gas distribution businesses in Illinois. Through its Ameren Transmission Company of Illinois subsidiary, Co. operates a Federal Energy Regulatory Commission rate-regulated electric transmission business. Co. also has other subsidiaries that conduct other activities, such as providing shared services.

Ameren SEC Filing Email Alerts Service

Open the AEE Page at The Online Investor »

Company Name:  Ameren Corp
Sector:  Electric Utilities
Number of ETFs Holding AEE:  108
Total Market Value Held by ETFs:  $3.06B
Total Market Capitalization:  $18.84B
% of Market Cap. Held by ETFs:  16.24%

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

August 21, 2019    3:08 AM Eastern
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Buy (2.75 out of 4)
26th percentile
(ranked lower than approx. 74% of all stocks covered)
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