LONDON (dpa-AFX) - Capital Shopping Centres Group Plc (CSCG.L) Tuesday announced that one of its subsidiaries has sold 4.06 million shares of the common stock of Equity One Inc in a public secondary offering.
The company stated that the market value of the shares being sold in the public secondary offering was approximately $78 million, based on the last reported sale price of the share of Equity One in the NYSE.
The company added that the offering is being made by means of a prospectus supplement to Equity One's existing shelf registration statement filed with the U.S. Securities and Exchange Commission.
Capital Shopping further stated that it is not selling, and the underwriter is not offering, approximately 11.4 million shares of Equity One common stock underlying the company's interests in Equity One's CapCo joint venture.
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