• Most Popular
  • Most Shared

Ameren prices shares at $25.25

Wed Sep 9, 2009 6:59pm EDT

Stocks

   

NEW YORK, Sept 8 (Reuters) - Power company Ameren Corp (AEE.N) said it planned to offer 19 million common shares, and use the proceeds to invest in its rate-regulated subsidiaries in the form of equity capital contributions.

The company said it granted the underwriters a 30-day option to buy up to an additional 2.85 million shares.

It said the common stock was priced at $25.25 a share.

Barclays Capital Inc, J.P. Morgan Securities Inc, BofA Merrill Lynch, Morgan Stanley & Co Inc and UBS Securities LLC are the joint book-running managers for the offering, the company said.

Ameren has more than 2.4 million electric customers and almost 1 million natural gas customers in the Missouri and Illinois area.

Shares of Ameren fell 3 percent to $25.50 in trading after the bell. They closed at $26.33 Tuesday on the New York Stock Exchange. (Reporting by Yinka Adegoke)



More from Reuters

Photo

Senate races the clock on health bill

WASHINGTON (Reuters) - With the clock ticking toward a self-imposed Christmas deadline, Senate Democrats kept a wary eye on the weather on Friday as they scrambled to line up the 60 votes needed to pass a healthcare reform bill.

» More Top News
A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

U.S.
Two men shake hands in a file photo. REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article 

Global Deals Review