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AES Announces Pricing for Common Stock Offering.


Business Editors

ARLINGTON, Va.--(BUSINESS WIRE)--Nov. 30, 2000

The AES Corporation AES Corporation AES (NYSE) is a Fortune 1000 company that generates and distributes electrical power. It was founded on January 28, 1981 by Roger Sant from the US Federal Energy Administration and Dennis Bakke from the Office of Management and Budget.  (NYSE NYSE

See: New York Stock Exchange
:AES) today announced that it had priced its offering of 10,000,000 shares of its common stock at a price to public of $52.50 per share.

Morgan Stanley To comply with Wikipedia's , the introduction of this article needs a complete rewrite.  Dean Witter Dean Witter may refer to:
  • Dean G. Witter (businessman, Co-founder of Dean Witter & Company)
  • Dean Witter Reynolds (brokerage firm, now known as Morgan Stanley)
 acted as the underwriter for the offering. The Company intends to use the net proceeds Net Proceeds

The amount received after all costs are deducted from the sale of a piece of property or security.

Notes:
In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions).
 from the offering to fund a portion of the purchase price of the Gener acquisition, the Tiete tender, and for general corporate purposes.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

This offering is being made only by means of a prospectus. Copies of the prospectus can be obtained from Morgan Stanley Dean Witter or by calling the Company.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 30, 2000
Words:164
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