The Laclede Group Prices 8.7M Share Offering at $44.50/Share
The Laclede Group (NYSE: LG) (the "Company") announced today that it has priced a public offering of 8,700,000 shares of its common stock at $44.50 per share. In addition, the Company has granted the underwriters an option for a period of 30 days to purchase up to 1,305,000 additional shares of the Company's common stock. The Company intends to use the net proceeds from this offering to fund a portion of the cash consideration payable in connection with the pending acquisition of Missouri Gas Energy, a division of Southern Union and for general corporate purposes.
Wells Fargo Securities, BofA Merrill Lynch, J.P. Morgan and Morgan Stanley are acting as book-running managers of the offering. Copies of the prospectus and prospectus supplement relating to the shares of common stock in this offering may be obtained from the offices of 1) Wells Fargo Securities at 375 Park Avenue, New York, NY 10152, Attn: Equity Syndicate Dept., by calling toll free 1-800-326-5897, or by e-mail at cmclientsupport@wellsfargo.com, 2) BofA Merrill Lynch at 222 Broadway, New York, NY 10038, Attn: Prospectus Department, or by e-mail at dg.prospectus_requests@baml.com, 3) J.P. Morgan at 1155 Long Island Avenue, Edgewood, NY
Posted-In: M&A News Guidance Management
