UPDATE: Connecticut Water Service Says Offering 1.475M Shares

Connecticut Water Service, Inc. CTWS (the "Company") announced today that it intends to offer to the public 1,475,000 shares of common stock under its existing shelf registration statement. The underwriters will have a 30-day option to purchase an additional 221,250 shares of common stock to cover over-allotments, if any. The offering price of the shares will be determined by market conditions at the time of pricing, in consultation with the underwriters. Wells Fargo Securities will serve as sole book-runner for the offering. Baird, Janney Montgomery Scott, Boenning & Scattergood, Inc., Brean Capital and Ladenberg Thalmann & Co. Inc. will serve as co-managers for the offering. The Company intends to use the net proceeds from this offering to reduce the balance of its short-term borrowings and for other general corporate purposes.