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SOUTH JERSEY INDUSTRIES, INC PRICES COMMON STOCK AND EQUITY UNITS OFFERINGS

SOUTH JERSEY INDUSTRIES, INC PRICES COMMON STOCK AND EQUITY UNITS OFFERINGS
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Why South Jersey Industries Stock Sank 17% in Early Trading Today

Author Bio Reuben Gregg Brewer believes dividends are a window into a company s soul. He tries to invest in good souls. What happened Shares of natural gas utility South Jersey Industries (NYSE:SJI) fell sharply in morning trading on March 17, losing a little more than 16%. The most obvious reason for the negative mood here was a news release posted after the market closed on March 16.   So what South Jersey Industries plans to sell $225 million worth of shares of its common stock and 6 million equity units, which, according to the company, is an aggregate stated amount of $300 million of Equity Units. The underwriters have the option to buy an additional $33.75 million worth of shares and 900,000 additional equity units. The equity units have a stated amount of $50 and will initially consist of a contract to purchase shares of Common Stock and a 1/20, or 5%, undivided beneficial ownership interest in $1,000 principal amount of the Company s 2021 Se

Mid-Day Market Update: Dow Gains 100 Points; Rubius Therapeutics Shares Plummet

Mid-Day Market Update: Dow Gains 100 Points; Rubius Therapeutics Shares Plummet
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