(Reuters) – Power provider PG&E Corp said on Monday it plans to raise $5.75 billion from public offerings to partially fund its emergence from Chapter 11 bankruptcy.
Separately, the company said investors, including Appaloosa and Third Point, have agreed to purchase up to $3.25 billion of its stock once the company exits bankruptcy.
(Reporting by Arundhati Sarkar in Bengaluru; Editing by Sriraj Kalluvila)
