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Unitil Prices Public Offering of Common Stock
Posted by: gurufocus (IP Logged)
Date: December 15, 2008 12:06PM
Press Release: Unitil Prices Public Offering of Common Stock Unitil Corporation is a registered public utility holding company and the parent company of the Unitil System. UNITIL Corp has a market cap of $120.23 million; its shares were traded at around $20 with a P/E ratio of 13 and P/S ratio of 0.07. The dividend yield of UNITIL Corp stocks is 6.64%. More on UTL: Gurus buys and sells of UTL 10-year financial history of UTL. Insider buys/sells of UTL.
The net proceeds from this offering will be used to repay a portion of thebank financing for Unitil's acquisition of Northern Utilities and GraniteState Gas Transmission which closed on
RBC Capital Markets Corporation is acting as lead underwriter for theoffering. The co-managers for the offering are Janney Montgomery Scott LLC.,Oppenheimer & Co. Inc.,
A copy of the final prospectus supplement and the accompanying baseprospectus relating to this offering may also be obtained from RBC CapitalMarkets Corporation, 3 World Financial Center, 8th Floor, 200 Vesey Street,
This press release does not constitute an offer to sell or thesolicitation of an offer to buy any security and shall not constitute anoffer, solicitation or sale in any jurisdiction in which such offering wouldbe unlawful. The offer is being made only through the prospectus supplementand the accompanying base prospectus, which is part of a registrationstatement that became effective on
Unitil is a public utility holding company with subsidiaries providingelectric and gas distribution service in
Forward Looking Statements:
This press release contains forward-looking statements, which are subjectto the inherent uncertainties in predicting future results and conditions. Allstatements, other than statements of historical fact, are forward-lookingstatements. Certain factors that could cause the actual results to differmaterially from those projected in these forward-looking statements include,but are not limited to the following: variations in weather; changes in theregulatory environment; customers' preferences on energy sources; generaleconomic conditions; increased competition; fluctuations in supply, demand,transmission capacity and prices for energy commodities; and otheruncertainties, all of which are difficult to predict, and many of which arebeyond the control of Unitil Corporation.
Contact: George Gantz 603-773-6569 firstname.lastname@example.orgSource: PRNewsWire More on UTL: Gurus buys and sells of UTL 10-year financial history of UTL. Insider buys/sells of UTL.
Stocks Discussed: UTL,