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Artesian Resources Corporation - Class A Non (ARTNA)

  • Jul. 15, 2011, 10:24 AM
    Artesian Resources (ARTNA -4.4%) trades lower after pricing its 800K secondary offering at a 3.3% discount to Thursday's close. The company plans to use the proceeds to fund a paid-in capital contribution to its Artesian Water subsidiary, which will repay its debt.
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Company Description
Artesian Resource Corp through its subsidiaries offers water, wastewater and other services on the Delmarva Peninsula. It distributes water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers.
Sector: Utilities
Industry: Water Utilities
Country: United States