Top Analysis Shares (POR, CLVS, IEP, MAA)
June 12, 2013 at 14:50 PM EDT
New York City, NY -- (SBWIRE) -- 06/12/2013 -- Portland General Electric Company (NYSE:POR) declared today that it programs to start a authorized underwritten public providing of up to 11.1 thousand stocks of its common inventory. Topic to certain market circumstances, these stocks will be marketed in relationship with a forward selling contract, as mentioned below.The suggested value selling will be performed under the display signing up declaration authorized with the Investments and Exchange Percentage that came into effect on Nov 18, 2010.Portland Common programs to utilize the net continues from the inventory providing to reduce its financial obligations. The balance will be used for funding investment costs and for general business reasons.
