Breaking News
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Connecticut Water Service Announces Closing Of Common Stock Offering

12/18/2012 12:07 PM ET

Connecticut Water Service, Inc. (CTWS: Quote) announced that it has closed its underwritten public offering of 1.70 million shares of its common stock at a price to the public of $29.25 per share.

The total offering size reflects the underwriters' exercise in full of their option to purchase 221,250 shares of common stock from the company to cover over-allotments.

Connecticut Water Service provides regulated and unregulated water utility services in Connecticut and Maine through its operating water utility and unregulated subsidiaries.

Click here to receive FREE breaking news email alerts for Connecticut Water Service Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
The Reserve Bank of New Zealand on Thursday raised its Official Cash Rate by 25 basis points, to 3.00 percent from 2.75 percent. The decision was in line with expectations, and it marks the second straight month with a rate hike following 24 straight meetings in which the rate was not changed. New Zealand's economic expansion has considerable momentum, with GDP estimated to have grown by 3.5 percent in the year to March. Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter. Stocks moved mostly lower during trading on Wednesday, giving back some ground after trending higher over the past several sessions. Selling pressure was relatively subdued, however, limiting the downside for the markets. The major averages all closed in the red, although the tech-heavy Nasdaq underperformed its counterparts by a wide margin.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.