LONDON (dpa-AFX) - Equity One, Inc. (EQY) said it priced a public secondary offering of 4.06 million shares of its outstanding common stock by CSC Ventures Ltd., a stockholder of the Company and subsidiary of Capital Shopping Centres Group Plc (CSCG.L), for gross proceeds of approximately $76.9 million.
CSC Ventures is not selling, and the underwriter is not offering, approximately 11.4 million shares of Equity One common stock underlying interests in Equity One's CapCo joint venture held by a subsidiary of Capital Shopping Centres Group. Equity One will not receive any of the proceeds from the sale of shares of common stock by the selling stockholder in the offering.
On March 5, 2012, the last reported sale price of Equity One common stock as reported on the New York Stock Exchange was $19.33 per share. The offering is scheduled to close on or about March 9, 2012.
Copyright RTT News/dpa-AFX
© 2012 AFX News
