California Water Service (CWT -1.8%) dips today after earlier announcing a 5M share secondary...

|About: California Water Service Group (CWT)|By:, SA News Editor

California Water Service (CWT -1.8%) dips today after earlier announcing a 5M share secondary offering. Robert Baird and Wells Fargo Securities will act as joint book running managers. The company plans to use the proceeds for investment in subsidiaries, acquisitions and other various general corporate purposes.