AES Offers 10,000,000 Shares of Common Stock.ARLINGTON, Va.--(BUSINESS WIRE)--April 28, 1999-- 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 has agreed to sell 10,000,000 shares of its common stock for 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). of approximately $502 million. J.P. Morgan & Co. is acting as the underwriter for the offering. The Company has also granted to J.P. Morgan & Co., an overallotment option overallotment option See greenshoe. to purchase up to an additional 1,500,000 shares. 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 J.P. Morgan & Co. or by calling the Company. |
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