Stock Movers on Stock Offerings (EPB, NEE, RITT, CBZ)

El Paso Pipeline Partners, L.P. (NYSE:EPB) fell 3.30% to $32.01 after it prices 11.5 million units at $31.95/each.

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El Paso Pipeline Partners, L.P. owns and operates natural gas transportation pipelines and storage assets. The Company conducts its business activities through various natural gas pipeline systems and storage facilities, including the Wyoming Interstate Company, Ltd., (WIC) system, a 58% general partner interest in Colorado Interstate Gas Company (CIG).

NextEra Energy, Inc. (NYSE:NEE) fell 2.71% to $53.53 after it announces that they have agreed to sell $350 million of equity units to Credit Suisse Securities (USA) LLC.

An option was granted allowing Credit Suisse to purchase up to an additional $52.5 million to cover over-allotments. The transaction is expected to close September 21, 2010.

Tower Group, Inc. (Tower), through its subsidiaries, offers a range of commercial, personal and specialty property and casualty insurance products and services to businesses in various industries and to individuals.

RiT Technologies Ltd. (NASDAQ:RITT) announces that they have signed a Share Purchase Agreement with STINS COMAN Inc. to convert about $1.5 million into 687,128 common shares. The average price on the transaction is $2.214 per share.

Upon completion, STINS COMAN's holding will rise from 68.3% to approximately 73.9% of the Company's voting power.

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CBIZ, Inc. (NYSE:CBZ) rose 3.31% to $6.25 after it enters an agreement with CBIZ founder Mike DeGroote's company, Westbury (Bermuda) Ltd., for a purchase of 7.7 million shares of CBZ stock at $6.25 per share.

CBZ has acquired an option to acquire 7.7 million shares from Westbury at $7.25 per share.

CBZ also has amended their $275 million unsecured credit facility, which would provide more flexibility to purchase Westbury's shares, to address a variety of options to refinance its Convertible Notes due in June of 2011, and to continue its strategic growth strategy which includes future acquisitions.

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