70831857 OP John H Bradberry : Only a Socialist Democrat can discern these things. so let me know

70831857 OP : They have not disclosed the share price publicly as of yet. This piece of an article I found interesting though.
The crisis raised questions about the fate of American Savings Bank, the state’s third-biggest bank and the only bank in the country owned by a utility holding company. American Savings Bank said in July that Hawaiian Electric had been conducting a strategic review for the bank, confirming an earlier report in Bloomberg News.
The bank could be valued at $600 million to $800 million, according to Evercore ISI.
Hawaiian Electric’s financial advisers ran a broad sales process but found little interest from potential buyers on the mainland US, as Hawaii is a small market with little growth potential, one of the people said.
The deal requires Central Pacific — Hawaii’s fourth largest bank by deposits — to raise money from private equity because it’s smaller than American Savings and will need cash to help cover unrealized losses in its securities book, which have to be recognized when a bank changes hands.
Honolulu-based Central Pacific had $7.4 billion in assets and 27 branches as of June 30, according to its website.

70831857 OP : $HE at the market offering. That of itself smells. Screams that they couldn’t assign any price in good faith. $250m offering was 20.8m shares at $12.00. Imo this round will dilute the pool by 30m shares.