12:25 PM EST - Fortis Inc. : said that itโs raising $300.1 million by selling shares to a group of brokerages. Underwriting brokers led by Scotia Capital, CIBC World Markets and RBC Dominion Securities agreed to buy 11.7 million common shares at $25.65 apiece. Proceeds from the sale, which may rise to $345.1 million if the underwriters agree to buy an additional 1.755 million shares on offer, will be used to pay debt. Fortis Inc.
shares T.FTS are trading down $1.63 at $25.37.
