Stock Newsletter : Stock Movers on Equity Offerings (CNBC, HIG, SQNM, ARE)

Center Bancorp, Inc. (NASDAQ:CNBC) fell 1.06% to $7.45 after the company announced today that they have priced a 1,430,000 common offering at $7.00 per share, with a $0.39 discount to underwriters. The company has also priced a 285,000 common offering at $7.50 per share. Total gross proceeds from the offerings are expected to be $12,147,800, with net proceeds of $11,389,800.

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Hartford Financial Services (NYSE:HIG) fell 3% to $22.46 after The U.S. Department of the Treasury announced today that it priced a secondary public offering of 52,093,973 warrants to purchase common stock of The Hartford Financial Services Group, Inc. (NYSE: HIG) at $13.70 per warrant.

The aggregate net proceeds to Treasury from the offering are expected to be $706,264,560. These proceeds provide an additional return to the American taxpayer from Treasury’s investment in the Company beyond the dividend payments it received on the related preferred stock.

Sequenom, Inc. (NASDAQ:SQNM) fell 3% to $6.84 after it filed a registration with the U.S. Securities and Exchange Commission today to sell, from time to time, up to $150 million of Common Stock, Preferred Stock, Debt Securities, Warrants, Units, or any combination thereof.

Sequenom, Inc. (Sequenom) is a diagnostic testing and genetics analysis company. The Company is focused on providing products, services, diagnostic testing, applications and genetic analysis products that translate the results of genomic science into solutions for biomedical research, translational research.

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Alexandria Real Estate Equities, Inc. (NYSE:ARE) fell 4.03% to $69.97 after it is commencing an underwritten public offering of 4,000,000 shares of common stock.

ARE expects to grant the underwriters a thirty-day option to purchase up to 600,000 additional shares to cover over-allotments, if any.

ARE intends initially to use the net proceeds from this offering to reduce the outstanding balance of its borrowings on its unsecured line of credit, including borrowings that were applied toward completed acquisitions.

Alexandria Real Estate Equities, Inc. is a real estate investment trust (REIT) focused principally on science-driven cluster formation. The Company provides real estate, technical infrastructure and services to the life science industry.

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