Five companies disclosed separate share offerings late Friday,
sending their shares down after hours.
Midstream oil-and-gas company Plains All American Pipeline LP
(PAA) said it will offer 5 million common units representing
limited partner interests to help fund its proposed acquisition of
BP PLC (BP, BP.LN) subsidiary BP Canada Energy Co. Plains All
American recently had about 155.6 million common units outstanding.
They fell 3.1% to $79.85 after hours.
Mall owner Equity One Inc. (EQY) said stockholder CSC Ventures
Ltd. launched a secondary offering of 4.1 million of its shares,
though it isn't offering any of the roughly 11.4 million shares
underlying interests in Equity One's CapCo joint venture held by a
subsidiary of Capital Shopping Centres Group. Equity One has about
114.8 million shares outstanding. They were off 2% at $18.95 after
hours.
Quality Distribution Inc. (QLTY) unveiled a 5 million-share
offering, 2.5 million of which is being offered by affiliates of
shareholder Apollo Management LP. The tank-truck shipping company
said it will use proceeds from its half of the offering for general
corporate purposes, including debt redemption and potential
acquisitions. Quality recently had about 24.4 million shares
outstanding. Shares were off 3.2% at $13.24 after hours.
Jazz Pharmaceuticals PLC (JAZZ) said some of its shareholders
are offering 7.9 million of its shares. Jazz recently had about
56.2 million shares outstanding. Shares slipped 2.4% to $50.08
after hours.
XOMA Corp. (XOMA) said in a shelf registration filing it will
sell common stock and warrants to buy half-shares, though the
biotech company did not detail the potential size of the offering.
It recently had about 34.2 million shares outstanding. Shares fell
4.1% to $1.39 after hours.
-By Drew FitzGerald, Dow Jones Newswires; 212-416-2909;
Andrew.FitzGerald@dowjones.com