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Hawaiian Electric Industries Monetizes 30% Of Its 9.9% Stake In American Savings Bank; Sale Of ~2M Shares Yields Net Proceeds Of $29.5M

BenzingaBenzinga Newsdesk

The underwriters have a 30-day option to purchase up to an additional 293,904 shares of common stock from HEI, and fully exercising the option would result in an additional $4.4 million in net proceeds to HEI. Based on

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