MDU Resources (MDU) Group announced that it has commenced an underwritten public offering of $200M of shares of its common stock. Subject to certain conditions, all shares are expected to be borrowed by the forward sellers, Wells Fargo Securities, BofA Securities, and J.P. Morgan, from third parties and sold to the underwriters in the offering in connection with the forward sale agreements. Wells Fargo Securities, BofA Securities, and J.P. Morgan are acting as joint lead bookrunners of the offering and representatives for the underwriters.
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