CHS stock sale may fund Spiritwood plant
CHS Inc. is offering nearly 17 million shares of stock with a possible intended purpose of partially funding the anticipated construction of a nitrogen fertilizer manufacturing plant in Spiritwood, according to Lani Jordan, director of corporate communications for CHS.
Jordan said the company is required to indicate the possible use for the funds by the U.S. Securities and Exchange Commission when offering stock for sale. The listed use of the funds is not binding on the company.
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