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Ameriprise Shares Fall After $900M Stock Offer
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AMP
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NEW YORK (AP) — Shares of Ameriprise Financial Inc. lost ground Wednesday after the financial adviser announced plans to raise $900 million through a public stock offering.
The Minneapolis-based company saw its shares shed $2.26, or 8 percent, to $26.11 in midday trading.
In announcing the offering Tuesday, Ameriprise noted proceeds will be used for general corporate purposes, including possible acquisitions. ...
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