Sale of 600,000 shares negotiated alongside $105.5 million public sale
By Devika Patel
Knoxville, Tenn., March 24 – Equity One, Inc. arranged a $16.23 million private placement of stock with Gazit First Generation LLC on March 18, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company will sell 600,000 common shares at $27.05 each. The price per share is a 1.35% premium to the March 17 closing share price of $26.69.
The company also plans a $105.5 million public sale of 3.9 million shares at the same price with a $15.82 million greenshoe. The public offering will be conducted by underwriter Citigroup Global Markets Inc.
Equity One is a North Miami Beach. Fla.-based owner, developer and operator of shopping centers.
| Issuer: | Equity One, Inc.
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| Issue: | Common shares
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| Amount: | $16.23 million
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| Shares: | 600,000
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| Price: | $27.05
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| Warrants: | No
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| Investor: | Gazit First Generation LLC
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| Pricing date: | March 18
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| Stock symbol: | NYSE: EQY
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| Stock price: | $26.69 at close March 17
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| Market capitalization: | $3.38 billion
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