Tepco Declines to 8-Year Low After Share-Sale Plan
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Tokyo Electric Power Co., Asia’s largest electricity generator, fell to the lowest in almost eight years amid investor concern that its first equity offering in three decades will dilute shareholder value.
The stock fell 3.3 percent to close at 2,036 yen in Tokyo, the lowest since Dec. 9, 2002. The benchmark Topix Index lost about 2.1 percent. The company known as Tepco has declined 12.4 percent in a week.