California Water Service Prices Public Offering Of 5 Mln Shares At $19.25/share

By RTT News,  March 20, 2013, 10:49:00 PM EDT


(RTTNews.com) - California Water Service Group ( CWT ) announced that it has priced public offering of 5 million shares of common stock at $19.25 per share for total gross proceeds of $96.25 million. The offering is expected to close on March 26, 2013.

The company has granted the underwriters an option to purchase up to an additional 750,000 shares of its common stock to cover over-allotments, if any.

Robert W. Baird & Co. Incorporated and Wells Fargo Securities are acting as joint book running managers for the offering and Brean Capital, Janney Montgomery Scott, Ladenburg Thalmann & Co. Inc., J.J.B. Hilliard, W.L. Lyons, LLC, The Williams Capital Group, L.P. and Blaylock Robert Van, LLC are acting as co-managers.

For comments and feedback: contact editorial@rttnews.com

http://www.rttnews.com


This article appears in: News Headlines

Referenced Stocks: CWT



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