Constellation Energy shareholders launch 11 million-share secondary offering

Constellation Energy

Constellation Energy

CEG

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  • Constellation launched an underwritten secondary offering of 11 million common shares sold by certain shareholders.
  • No new shares issued; no proceeds to Constellation from the sale.
  • Plans to repurchase 2 million shares from the underwriters at the offering price under its existing buyback program.
  • Offering includes a 30-day option for underwriters to buy up to 1,350,000 additional shares.
  • Morgan Stanley, J.P. Morgan are lead underwriters.


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