Market Overview

AES Announces 40M Share Secondary Offering

AES Corporation (NYSE: AES) announced today that it has commenced a
registered underwritten public offering of 40 million shares of its
common stock (the “Offering”), all of which will be offered by Terrific
Investment Corporation (the “Selling Stockholder”), a subsidiary
controlled by China Investment Corporation (“CIC”). AES will not receive
any of the proceeds from the Offering. The Selling Stockholder has
granted to the underwriters an option to purchase up to 6 million
additional shares at the public offering price, less the underwriting
discount, to cover over-allotments, if any, for a period of 30 days from
the date of this press release.

At the same time, AES announced that its Board of Directors increased

See full press release

Posted-In: News Offerings Management Global

 

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