Southern Co. to Sell Shares of Common Stock
Southern Company plans to sell approximately 20 million shares of new common stock. The offering is expected to take place in early December.
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The proceeds from the sale of these securities will be used to invest in the company's competitive wholesale generating business and regulated business in the Southeast, as well as to reduce debt, according to Southern Company Chairman and Chief Executive Officer A.W. "Bill" Dahlberg. The offering is being led by Goldman, Sachs & Co.
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