Mizuho Securities Raises Price Target on Alexandria Real Estate (ARE) to $113; Reiterates Buy

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Pre-Open Stock Movers 07/07: (LEDS) (AVG) (WWAV) Higher; (FSLR) (ARE) (ROIC) Lower (more...)

July 7, 2016 9:33 AM EDT

Today's Pre-Open Stock Movers:

SemiLEDs Corporation (NASDAQ: LEDS) 43.4% HIGHER; entered into a definitive purchase agreement effective July 6, 2016 (the Agreement) with Dr. Peter Chiou. Pursuant to the terms of the Agreement, Dr. Peter Chiou will purchase 577,000 shares of the Companys common stock at $5.00 per share. This represents approximately 19.6% of the outstanding shares of the... More

Alexandria Real Estate's (ARE) 6.5M Common Stock Offering Prices at $101/Share

July 7, 2016 8:46 AM EDT

Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced today the pricing of its public offering of 6,500,000 shares of common stock at a price of $101.00 per share in connection with the forward sale agreements described below. The Company also granted the underwriters a thirty-day option to purchase up to 975,000 additional shares. The offering is expected to close on or about July 12, 2016, subject to customary closing conditions.

BofA Merrill Lynch, Citigroup, and J.P. Morgan are the joint book-running managers for the offering. BBVA, TD Securities, Baird, BB&T Capital Markets, BNP PARIBAS, Barclays, Capital One... More

After-Hours Stock Movers 07/06: (LEDS) (EMKR) (WDC) Higher; (ARE) (ROIC) Lower (more...)

July 6, 2016 5:30 PM EDT

Today's After-Hours Movers

SemiLEDs Corporation (NASDAQ: LEDS) 68.2% HIGHER; entered into a definitive purchase agreement effective July 6, 2016 (the Agreement) with Dr. Peter Chiou. Pursuant to the terms of the Agreement, Dr. Peter Chiou will purchase 577,000 shares of the Companys common stock at $5.00 per share. This represents... More

Alexandria Real Estate (ARE) Announces 6.5M Share Common Stock Offering

July 6, 2016 4:01 PM EDT

Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced that it is commencing an underwritten public offering of 6,500,000 shares of common stock in connection with the forward sale agreements described below. The Company expects to grant the underwriters a thirty-day option to purchase up to 975,000 additional shares.

BofA Merrill Lynch, Citigroup, and J.P. Morgan are the joint book-running managers for the offering.

The Company expects to enter into forward sale agreements with Bank of America, N.A., Citibank, N.A. and JPMorgan Chase Bank, N.A. (the "forward purchasers") with... More