Corning shares drop in premarket after $2B equity offering
Corning shares fell more than 7% in premarket after the company announced an equity offering that could raise up to $2 billion.
Corning shares fell more than 7% in premarket trading on Monday after the company said it was launching a new equity offering that could raise up to $2 billion, fueling concerns about possible dilution for shareholders. In a Friday filing, the specialty glass and optical-fiber maker said it had entered into an equity distribution agreement.