Middlesex Water Company Announces Proposed Offering of Common Stock
ISELIN, NJ -- (MARKET WIRE) -- 06/02/10 -- Middlesex Water Company (NASDAQ: MSEX) (the "Company") announced today that it intends to offer to the public 1,700,000 shares of common stock under its existing shelf registration statement. The underwriters have a 30-day option to purchase an additional 255,000 shares of common stock to cover over-allotments, if any. The Company intends to use the proceeds from this offering to reduce the balance of its short-term borrowings.
Janney Montgomery Scott LLC will serve as sole book-runner and lead manager for the offering, and Edward D. Jones & Co., L.P. will serve as co-manager. The offering will be made only by means of a prospectus supplement and prospectus. A copy of the prospectus supplement and the prospectus related to the offering can be obtained when available by contacting Janney Montgomery Scott LLC, 60 State Street, Boston, MA 02109, Attention: Equity Syndicate Department or prospectus@janney.com
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. A registration statement relating to the shares of common stock that the company intends to sell has previously been filed with, and declared effective by, the Securities and Exchange Commission.
About Middlesex Water Company
Middlesex Water Company, organized in 1897, provides regulated and unregulated water and wastewater utility services primarily in New Jersey and Delaware through various subsidiary companies. For additional information regarding Middlesex Water Company visit our website at www.middlesexwater.com or call (732) 634-1500.
Add to Digg Bookmark with del.icio.us Add to Newsvine
CONTACT: Bernadette Sohler Vice President - Corporate Affairs Middlesex Water Company 1500 Ronson Road Iselin, New Jersey 08830 (732) 638-7549