Capital Power (TSE:CPX) has released an update.
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Capital Power has increased the size of its bought deal offering to raise approximately $400 million by selling 6.8 million common shares at $58.80 each, with an option for underwriters to purchase additional shares potentially pushing proceeds to $460 million. The proceeds will be used for future acquisitions, growth opportunities, and general corporate purposes. The offering is set to close on December 17, 2024, subject to customary conditions.
For further insights into TSE:CPX stock, check out TipRanks’ Stock Analysis page.
