Consolidated Edison Inc. (ED) said that it has reached accelerated share repurchase agreements with two dealers to repurchase $1 billion in aggregate of its common shares.
Con Edison noted that it is funding the repurchases under the accelerated share repurchase agreements from a portion of the proceeds from the sale of Con Edison Clean Energy Businesses, Inc
Con Edison said it will make payments of $1 billion in aggregate to the dealers on March 7, 2023 and will receive about 8.7 million shares of Con Edison common shares in aggregate on the same day.
The final settlement of the transactions under the accelerated share repurchase agreements is expected to occur no later than the third quarter of 2023.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.