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Cosan SA (CSAN) Bleeds Heavily on 2-Billion Share Sale

We recently published 10 Stocks Lost This Big While Wall Street Celebrates. Cosan SA (NYSE:CSAN) is one of the worst performers on Monday. Cosan extended its losing streak to a third straight day on Monday, shedding 17.84 percent to end at 4.65apieceasinvestorsentimentwasdampenedbyplanstoraiseitscapitalthroughapublicofferingworth4.65 apiece as investor sentiment was dampened by plans to raise its capital through a public offering worth 2 billion in a bid to reduce its mounting debts. In a regulatory filing, Cosan SA (NYSE:CSAN) said it entered into an investment agreement with BTG Pactual Ho ...