Hawaiian Electric falls
Hawaiian Electric plunges 9% on news of planned stock offering
Hawaiian Electric (NYSE:HE) -9.2% post-market Monday after announcing plans to launch a public offering of $500M worth of common shares, with an underwriters option to purchase up to an additional $75M worth of shares.
Hawaiian Electric slumps after disclosing $500 mln stock offering plan
Hawaiian Electric Industries disclosed on Monday plans to sell up to $500 million worth of its common stock to help fund its part of the Maui wildfire settlement, sending its shares down over 9% in extended trading.
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Hawaiian Electric Industries plans to offer $500 million in common stock in a public offering. Proceeds from the offering are expected to fund the company's contribution to an expected Maui wildfire tort litigation settlement, as well as for general corporate purposes, the utility said. Shares fall 9.6% to $9.85, in postmarket trading.
Hawaiian Electric shares drop after $250M stock offering plan
Shares of Hawaiian Electric fell 9.7% today after the parent company of the state’s largest utility said it plans to sell up to $250 million worth of shares to partly fund its portion of the Maui wildfire settlement.
Hawaiian Electric falls after disclosing $250 mln stock offering plan
Shares of Hawaiian Electric fell 9.7% on Thursday after the parent company of Hawaii's largest utility said it plans to sell up to $250 million worth of shares to partly fund its portion of the Maui wildfire settlement.
Hawaiian Electric Industries Shares Fall 10% After Equity-Distribution Deals
Shares of Hawaiian Electric Industries slid after the company said it entered into equity distribution deals with Wells Fargo Securities, Barclays Capital and Guggenheim Securities. The stock was down 10%,
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