Ameren's Public Offering: Pillsbury's Advisory Role in Focus
Deal News | May 20, 2025 | Pillsbury Winthrop Shaw Pittman LLP
Pillsbury Winthrop Shaw Pittman LLP, based in New York, played a crucial advisory role for the underwriters in Ameren Corporation’s recent public offering. Ameren, a prominent American power company headquartered in St. Louis, offered 6,382,978 shares of its common stock, which included an additional 832,562 shares purchased through an underwriter's option. The public was able to purchase these shares at $94.00 each. Ameren anticipates a total receipt of approximately $586.5 million from the forward sale agreements related to the offering, with settlement expected by January 15, 2027. Notable financial institutions such as Goldman Sachs, J.P. Morgan, and Barclays, among others, acted as underwriters for this stock sale. These funds will help Ameren with general corporate expenditures and to repay short-term debt. Pillsbury's dedicated team was led by Corporate partner Stephanie Langan, with contributions from Tax partner Harsha Reddy, Corporate counsel Christopher Wing, associate Mackenzie Pantoja, and Finance senior law clerk Matt Au.
Sectors
- Energy
- Financial Services
- Legal Services
Geography
- United States – The transaction involves Ameren Corporation, based in St. Louis, and Pillsbury Winthrop Shaw Pittman LLP, based in New York, thus being centered around the United States.
Industry
- Energy – Ameren Corporation operates in the energy sector as a power company, making it relevant to categorize the transaction within this industry.
- Financial Services – Involvement of major financial institutions as underwriters and the nature of the public stock offering makes the financial services industry relevant.
- Legal Services – Pillsbury Winthrop Shaw Pittman LLP's advisory role highlights the relevance of the legal services industry in the transaction.
Financials
- $586.5 million – The expected amount Ameren Corporation anticipates receiving from the settlement of forward sale agreements.
- $94.00 per share – The price at which Ameren's shares were offered to the public.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ameren Corporation | Target | Company | Ameren is a St. Louis-based American power company participating in the public stock offering. |
| Pillsbury Winthrop Shaw Pittman LLP | Legal Advisor | Company | A New York-based law firm advising the underwriters in the public offering. |
| Goldman Sachs & Co. LLC | Underwriter | Company | A major financial institution acting as an underwriter for Ameren's public offering. |
| J.P. Morgan Securities LLC | Underwriter | Company | A major financial institution acting as an underwriter for Ameren's public offering. |
| Barclays Capital Inc. | Underwriter | Company | A major financial institution acting as an underwriter for Ameren's public offering. |
| Stephanie Langan | Corporate Partner - Lead | Person | Led the Pillsbury team advising the underwriters. |