MDU to Issue $200M in Shares to Fund Acquisition and Other Purposes

Key Takeaways MDU launches a $200M equity offering through forward sale agreements with major financial institutions.The deal includes a 30 days option for underwriters to buy up to $30M in additional shares.MDU will utilize proceeds to cut debts, capital needs and buy 49% stake in the Badger Wind Farm project.MDU Resource Group, Inc. (MDU) has announced a public offering of $200 million of equity shares, using a forward sale agreement structure with forward sellers — Wells Fargo, BofA Securities and J.P. M ...