Dallas 9/23/2010 9:53:41 PM
News / Business

Stock Movers on Equity Offerings (LGL, ZION, VRSK, WPZ)

Stock Movers

The LGL Group, Inc. (AMEX:LGL) fell 7.36% to $21.40 after the company  filed a registration with the U.S. Securities and Exchange Commission today to sell, from time to time, up to $13.5 million of common stock, debt securities, warrants, units, or any combination thereof.

The LGL Group, Inc. is a holding company with subsidiaries engaged in manufacturing electronic components.

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Zions Bancorporation (NASDAQ:ZION) fell 0.39% to $20.54 it announces that they have price their 7 million warrant offering at $5.25 per warrant.

Gross proceeds are expected to be $36,750,000.

Each warrant allows for the purchase of one share of the company's stock at an exercise price of $36.63, which will expire on May 22, 2020.

The underwriter on the offering was Goldman Sachs.

Verisk Analytics, Inc. (NASDAQ:VRSK) fell 2.25% to $27.83 after it  announced today that they are commencing a secondary public offering of 19,030,515 shares of Class A common stock. The offering includes 16,767,721 shares of Class B common stock, which will be converted into Class A common as part of the offering.

Concurrent with the closing of the offering, the Company will repurchase 7,300,000 shares of common stock directly from Class B stockholders at a price per share equal to the net proceeds per share that the selling stockholders receive in this offering.

Underwriters have been granted a 30-day option to purchase up to 2,854,577 common shares to cover any over-allotments.

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Williams Partners L.P. (NYSE:WPZ) fell 3.27% to $42.30 after it announces their intention to offer 8.25 million common units of the company.

Each unit represents a limited partner interest.

Proceeds will be used to repay borrowings under the partnership's credit facility that it used to fund the previously announced Overland Pass transaction, which closed on Sept. 9. Any excess net proceeds will be used for general partnership purposes.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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