| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Tenders > News item |
UIL Holdings subsidiary begins tender offer for $3.125 par preferreds
By Susanna Moon
Chicago, Feb. 3 - UIL Holdings Corp. said wholly owned subsidiary CTG Resources, Inc. began a cash tender offer for all of the issued and outstanding shares of the $3.125 par preferred stock of its subsidiary, Connecticut Natural Gas Corp., at a price of $7.50 per share.
As of Jan. 31, there were a total of 108,706 of the preferreds outstanding.
The company said the last reported sales price of the preferreds was $5.55.
The offer will end at 5 p.m. ET on March 4.
Computershare Trust Co., NA is the depositary. Georgeson, Inc. is the information agent.
UIL Holdings is a New Haven, Conn.-based diversified energy delivery company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.