Pepco Holdings (POM) plans a public offering of 15.4M shares of common stock, with an...

|About: Pepco Holdings, Inc. (POM)|By:, SA News Editor

Pepco Holdings (POM) plans a public offering of 15.4M shares of common stock, with an over-allotment option of another 2.31M shares. Net proceeds will be used to make capital contributions to utility subsidiaries, repay short-term debt, fund working capital needs and for other general corporate purposes. (PR)