Entergy Prices $2.2 Billion Equity Sale; Shares Slip in Pre-Market Trading
Entergy Corporation priced a follow-on equity placement of about 19.25 million shares at $113 each, raising roughly $2.175 billion via two-year forward sales agreements with major bookrunners. The stock fell about 3.6% in pre-market trading following the announcement. Net proceeds are earmarked for general corporate purposes, including repayment of…