Equity One Announces 4.06M Share Secondary Offering of Common Stock by Selling Stockholder
Equity One, Inc. (NYSE: EQY) announced today a public secondary offering of 4,060,606 shares of its outstanding common stock by CSC Ventures Limited, a stockholder of the Company and subsidiary of Capital Shopping Centres Group PLC. 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 2, 2012, the last reported sale price of Equity One common stock as reported on the New York Stock Exchange was $19.12 per share.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.