Alexandria Real Estate (ARE) Prices 6M Share Common Offering at $155/Sh

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After-Hours Movers 01/06: (XERS) (CNXN) (MCHP) Higher; (ITCI) (ARE) (CRWD) Lower (more...)

January 6, 2020 5:55 PM EST

Today's After-Hours Movers

Xeris Pharmaceuticals, Inc. (Nasdaq: XERS) 20.7% HIGHER; announced positive topline results from the in-clinic stage of a Phase 2 study of its developmental ready-to-use (RTU) glucagon for the prevention of hypoglycemia during and after moderate-to-high intensity aerobic exercise in adults with Type 1 diabetes mellitus (T1D).

PC Connection Inc. (NASDAQ: CNXN) 9% HIGHER; will replace Jagged Peak Energy in the S&P SmallCap 600.

Microchip Technology Incorporated, (NASDAQ:... More

Alexandria Real Estate (ARE) Announces Public Offering Of 6M Shares Of Common Stock

January 6, 2020 4:09 PM EST

Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced today that it is commencing an underwritten public offering of 6,000,000 shares of common stock, subject to market conditions, in connection with the forward sale agreements described below. The Company expects to grant the underwriters a 30-day option to purchase up to 900,000 additional shares.

Goldman Sachs & Co. LLC, BofA Securities, Citigroup and J.P. Morgan are acting as joint book-running managers for the offering.

The Company expects to enter into forward sale agreements with Goldman Sachs & Co. LLC, Bank of... More