YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Underwriters purchase Empire stock

Posted online
Joplin-based The Empire District Electric Co. Tuesday announced that the underwriters of its offering of common stock have decided to exercise their option to purchase additional shares.

To cover any over-allotments, the underwriters will purchase 495,000 shares at the public offering price of $20.25. Empire said June 12 it would sell 3.3 million common shares in a public offering.

UBS Investment Bank is the sole book-running manager. A.G. Edwards & Sons Inc., Jefferies & Co. Inc. and Stifel, Nicolaus & Co. Inc. are the co-managing underwriters.

The stock offering is expected to close today.

Shares (NYSE: EDE) closed Tuesday at $20.64 and had dropped to $20.62 as of 11:30 this morning.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Fall 2026 Architects & Engineers Project Report

This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.

Most Read
Update cookies preferences