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Local News - Local News - August 16, 2012
Avista hires two firms to sell up to $72.3 million of company's stock
Agreements replace public offerings, in effect through '15

By Linn Parish
Of the Journal of Business

Avista Corp., of Spokane, has inked new agreements with two security firms to sell up to $72.3 million of the utility's stock through late 2015.

The company filed notification with the U.S. Securities and Exchange Commission on Aug. 9 that it had entered into separate sales agency agreements with BNY Mellon Capital Markets LLC and UBS Securities LLC, both of New York.

As part of those agreements, Avista will issue up to about 2.7 million shares of its common stock,...


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