Equity One (EQY) Prices 4.1M Offering tat $21.20/Share
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Price: $22.93 -0.09%
Overall Analyst Rating:
NEUTRAL (
Up)
Dividend Yield: 3.9%
EPS Growth %: +14.3%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 3.9%
EPS Growth %: +14.3%
Trade EQY Now!
Equity One, Inc. (NYSE: EQY), announced the pricing of its underwritten public offering of 4.1 million shares of its common stock on August 8, 2012, at a price to the public of $21.20 per share.
The Company is offering 3.1 shares of its common stock and 1 million shares are being offered by AH Investments US, LP, a stockholder of the Company. Equity One will not receive any of the proceeds from the sale of shares of common stock by the selling stockholder in the offering. The Company and the selling stockholder granted the underwriter a 30-day option to purchase up to an additional 465,000 shares of common stock and 150,000 shares of common stock, respectively. The offering was made pursuant to the Company’s effective shelf registration statement and settlement is expected to occur on or about August 14, 2012. The Company intends to use its net proceeds to reduce the outstanding balance under its unsecured revolving credit facility and for other corporate purposes, including pending and future acquisitions and to fund development and redevelopment activities.
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The Company is offering 3.1 shares of its common stock and 1 million shares are being offered by AH Investments US, LP, a stockholder of the Company. Equity One will not receive any of the proceeds from the sale of shares of common stock by the selling stockholder in the offering. The Company and the selling stockholder granted the underwriter a 30-day option to purchase up to an additional 465,000 shares of common stock and 150,000 shares of common stock, respectively. The offering was made pursuant to the Company’s effective shelf registration statement and settlement is expected to occur on or about August 14, 2012. The Company intends to use its net proceeds to reduce the outstanding balance under its unsecured revolving credit facility and for other corporate purposes, including pending and future acquisitions and to fund development and redevelopment activities.
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