American Water Works Co. Inc. Files Prospectus for Public Offering of Common Stock to Raise Approximately $983.5 Million
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American Water Works Co. Inc. has filed a prospectus for a public offering of 7,042,254 shares of common stock, aiming to raise approximately $983.5 million. The offering is part of forward sale agreements with Wells Fargo Bank, JPMorgan Chase Bank, and Mizuho Markets Americas, managed by Wells Fargo Securities, J.P. Morgan Securities, and Mizuho Securities USA. The initial forward sale price is set at $139.657 per share, with underwriters having a 30-day option to purchase an additional 1,056,338 shares. The offering is registered under the Securities Act of 1933.
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