Deal Details
Follow-on Offering
Summary
Baird served as a co-manager in this offering
About
UIL Holdings Corporation (“UIL” or the “Company”) (NYSE: UIL) recently completed a follow-on offering of 20.4 million shares, including full exercise of the over-allotment option, of its common stock at a price of $25.75 per share, generating approximately $501.5 million of net proceeds. The Company intends to use the net proceeds from the offering to fund a portion of the cash consideration in connection with the previously announced acquisition of three gas utilities from Iberdrola USA.UIL, headquartered in New Haven, Connecticut, is the holding company for The United Illuminating Company, a regulated utility providing electricity and energy related services to 324,000 customers in the Greater New Haven and Bridgeport areas.
For additional information about this transaction, please contact:
- Date
- September 2010
- Company
- UIL Holdings Corporation
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
Share
