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PPL To Offer 9.9 Million Shares

DOW JONES NEWSWIRES PPL Corp. (PPL) plans to offer 9.9 million shares to bolster its units' operations. Shares slipped 1.6% to $27.22 after hours on the dilutive move. The company in February had about 577.3 million shares outstanding. The offering comes after the utility operator named Chief Executive William H. Spence as its new chairman, filling the post ahead of the retirement of chairman and former chief James H. Miller. The company has meanwhile been working to boost its exposure to regulated power markets, which have generated more robust returns of late. PPL plans to use proceeds from the offering to make capital contributions to its subsidiaries. It will also use the proceeds to repay short-term debt and help other general corporate purposes. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Ppl (PPL)
DateTimeHeadline
04/24/201509:33:43Current Report Filing (8-k)
04/23/201518:35:00U.S. Department of Justice Completes Review of PPL-Riverstone...
04/23/201513:39:00PPL Corporation to Conduct Webcast on 2015 First-Quarter Earnings...
04/23/201510:21:02PPL Price Target Cut to $37.00 (PPL)
04/22/201516:51:40Current Report Filing (8-k)
04/22/201503:34:23PPL Receives New Coverage from Analysts at Guggenheim (PPL)
04/13/201508:00:26Current Report Filing (8-k)
04/11/201509:02:00Unit 2 at Susquehanna Nuclear Power Plant Begins Scheduled Refueling...
04/11/201508:25:5310 Top Dividend S&P 500 Dogs Trace 12% To 20% April Upsides
04/10/201517:16:00PPL Request for Transfer of Susquehanna Nuclear Plant Licenses...
04/09/201516:39:59Additional Proxy Soliciting Materials (definitive) (defa14a)
04/09/201516:32:54Proxy Statement (definitive) (def 14a)
04/06/201500:22:28'Overdue' Dividend Increases And Other Streaks In Jeopardy
04/02/201511:11:39Statement of Changes in Beneficial Ownership (4)
04/02/201511:10:41Statement of Changes in Beneficial Ownership (4)
04/02/201511:09:37Statement of Changes in Beneficial Ownership (4)
04/02/201511:08:45Statement of Changes in Beneficial Ownership (4)
04/02/201511:07:52Statement of Changes in Beneficial Ownership (4)
04/02/201511:05:19Statement of Changes in Beneficial Ownership (4)
04/02/201511:03:07Statement of Changes in Beneficial Ownership (4)

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