Printer Friendly

CMS ENERGY OFFERS ISSUE OF 4 MILLION NEW COMMON SHARES

 DEARBORN, Mich., Sept. 10 /PRNewswire/ -- CMS Energy Corporation (NYSE: CMS) today announced that Morgan Stanley & Co., Inc.; Donaldson Lufkin & Jenrette Securities Corp.; First Boston Corp.; Goldman Sachs & Co. and Merrill Lynch & Co. will be the managing underwriters for an issue of up to 4 million new shares of CMS Energy common stock. Morgan Stanley is the lead manager. CMS Energy currently has about 81 million common shares outstanding.
 CMS Energy filed a shelf registration in August for the issue with the Securities and Exchange Commission. Proceeds from the sale will be used for general corporate purposes, including debt retirement. CMS Energy expects that sale of the additional common stock will take place in October.
 The offering of the additional common stock will be made by prospectus available from the above named underwriters.
 CMS Energy Corporation is a diversified energy company with businesses engaged in electric and natural gas utility operations; independent power production; interstate storage, transmission and marketing of natural gas; oil and gas exploration and production, and utility services. CMS Energy Corporation's principal subsidiary is Consumers Power Company, Michigan's largest utility and the nation's fourth-largest gas and electric utility.
 -0- 9/10/93
 /CONTACT: Kelly M. Farr of CMS Energy, 313-436-9253/
 (CMS)


CO: CMS Energy Corporation ST: Michigan IN: UTI SU: OFR

KE -- DE025 -- 0894 09/10/93 16:40 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 10, 1993
Words:222
Previous Article:PARKER NAMED KROGER PRESIDENT IN COLUMBUS
Next Article:ECD ANNOUNCES YEAR-END RESULTS
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters