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