American Water Works Co. Inc. (AWK) said that it has priced the secondary offering of 37.4 million shares at $21.63 per share.
The company will not sell any shares and will not receive any proceeds. All the shares will be sold by the selling stockholder, a unit of RWE AG, with proceeds going to RWE AG.
RWE granted the underwriters a 30-day option to purchase up to 3.7 million additional shares. After the offering, assuming the full exercise of the underwriters' option, the selling stockholder will have sold all of its shares of American Water's common stock.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.