Printer Friendly

BALTIMORE GAS AND ELECTRIC COMPANY SELLS 4.5 MILLION SHARES OF COMMON STOCK

 BALTIMORE GAS AND ELECTRIC COMPANY
 SELLS 4.5 MILLION SHARES OF COMMON STOCK
 BALTIMORE, Feb. 19 /PRNewswire/ -- Baltimore Gas and Electric Company (NYSE: BGE) completed the public offering of 4.5 million shares of its common stock, George V. McGowan, chairman of the board, announced today.
 The stock was sold to a group of underwriters led by Merrill Lynch, Pierce, Fenner & Smith Incorporated, Alex. Brown & Sons Incorporated, and Legg Mason Wood Walker, Incorporated. The new shares are being offered to the public at a price of $31.50 per share. The closing price of the company's common stock on the New York Stock Exchange was $31.50 on Feb. 19, 1992. The net proceeds to be received by the company from the financing will be used to meet capital requirements or for other general corporate purposes relating to the company's utility business.
 -0- 2/19/92
 /CONTACT: Arthur J. Slusark of Baltimore Gas and Electric, 410-234-7433/
 (BGE) CO: Baltimore Gas and Electric Company ST: Maryland IN: UTI SU: OFR


CC -- PH042 -- 0637 02/19/92 16:47 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 19, 1992
Words:178
Previous Article:SAMSON ENERGY COMPANY ANNOUNCES 1992 FIRST QUARTER CASH DISTRIBUTION
Next Article:MORE THAN 400 NEW JOBS AND 700 TOTAL HIRES SOUGHT BY ARA FOR NEW ORIOLE PARK AT CAMDEN YARDS
Topics:


Related Articles
BG&E AUTHORIZES 3-FOR-2 COMMON STOCK SPLIT
BALTIMORE GAS AND ELECTRIC ANNOUNCES PUBLIC OFFERING OF COMMON STOCK
BALTIMORE GAS AND ELECTRIC ANNOUNCES PUBLIC OFFERING OF COMMON STOCK
BG&E DECLARES DIVIDEND
BG&E INCREASES COMMON STOCK DIVIDEND
BALTIMORE GAS AND ELECTRIC ANNOUNCES PUBLIC OFFERING OF COMMON STOCK
BALTIMORE GAS AND ELECTRIC COMPANY SELLS 6,750,000 SHARES OF COMMON STOCK
BG&E DECLARES DIVIDEND
BG&E INCREASES COMMON STOCK DIVIDEND
BGE INCREASES COMMON STOCK DIVIDEND

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters