Please replace the release with the following corrected version due to multiple revisions.
The corrected release reads:
EQUITY ONE ANNOUNCES PRICING OF COMMON STOCK OFFERING
Equity One, Inc. (NYSE:EQY), an owner, developer, and operator of shopping centers, announced today the pricing of its underwritten public offering of 4.1 million shares of its common stock on August 8, 2012, at a price to the public of $21.20 per share. The Company is offering 3.1 million shares of its common stock and 1 million shares are being offered by AH Investments US, LP, a stockholder of the Company. Equity One will not receive any of the proceeds from the sale of shares of common stock by the selling stockholder in the offering. The Company and the selling stockholder granted the underwriter a 30-day option to purchase up to an additional 465,000 shares of common stock and 150,000 shares of common stock, respectively. The offering was made pursuant to the Company’s effective shelf registration statement and settlement is expected to occur on or about August 14, 2012. The Company intends to use its net proceeds to reduce the outstanding balance under its unsecured revolving credit facility and for other corporate purposes, including pending and future acquisitions and to fund development and redevelopment activities.In addition, MGN (USA), Inc., an entity affiliated with Equity One’s largest stockholder, Gazit-Globe, Ltd., has agreed to purchase directly from the Company an additional 500,000 shares of common stock in a private placement transaction to be consummated simultaneously with and subject to the closing of the public offering at a price per share equal to the public offering price. Barclays is acting as the sole underwriter of the offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement. A final prospectus supplement and accompanying base prospectus related to the offering will be filed with the Securities and Exchange Commission. A copy of the prospectus supplement and prospectus relating to these securities may be obtained, when available, from Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by calling toll free at (888) 603-5847, or by emailing Barclaysprospectus@broadridge.com. ABOUT EQUITY ONE, INC. As of June 30, 2012, Equity One’s consolidated property portfolio comprised 165 properties consisting of approximately 16.8 million square feet of gross leasable area, including 142 shopping centers, 11 development or redevelopment properties, five non-retail properties and seven land parcels.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts