NEW YORK, Nov. 14, 2018 (GLOBE NEWSWIRE) -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today announced the pricing of the offering of 13,636,363 of its common shares at $77.00 per common share in connection with the forward sale agreements described below. Pursuant to the forward sale agreements, the forward counterparties (as defined below) or their affiliates have agreed to borrow from third parties and sell such shares to the underwriters. In addition, the underwriters have been granted an over-allotment option for a period of 30 days to purchase up to an additional 1,493,506 Con Edison common shares. The offering is expected to close on November 19, 2018, subject to customary closing conditions. To the extent that the underwriters exercise this over-allotment option, Con Edison expects to enter into additional forward sale agreements with respect to the additional shares.
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