By Kristin Jones
Several companies launched stock offerings after the market
closed.
Arlington Asset Investment Corp. (AI) is offering 3 million
Class A shares, expecting to use the proceeds to acquire
residential mortgage-backed securities and other assets. The
real-estate investment trust had 12.6 million Class A shares
outstanding as of Jan. 31. Shares were off 3.1% at $25.59 after
hours.
Hercules Technology Growth Capital Inc. (HTGC) is offering 7
million shares. The specialty finance firm had around 52.9 million
shares outstanding as of Feb. 25. Shares fell 2.8% to $12.17 after
hours.
Apollo Residential Mortgage Inc. (AMTG) is launching an offering
of 6.8 million shares, with a plan to use the proceeds to acquire
residential mortgage-backed securities and other assets. The
real-estate investment trust recently had around 24.2 million
shares outstanding. Shares fell 2.2% to $22.19 in after-hours
trading.
NXP Semiconductors N.V. (NXPI) said some of its principal
shareholders, including affiliates of AlpInvest Partners B.V., Apax
Partners LLP, Bain Capital Partners LLC and Silver Lake Technology
Management L.L.C., have launched an offering of 25 million shares.
NXP, which had around 251.8 million shares outstanding as of Feb.
28, won't receive any proceeds from the sale. Shares fell 1.7% to
$31.50 after hours.
Pharmacyclics Inc. (PCYC) has launched an offering of 2.2
million shares, representing around 3.1% of the company's
outstanding shares. The biopharmaceutical company intends to use
the proceeds for the commercialization of its cancer treatment
Ibrutinib, to advance its clinical pipeline and for other general
purposes. Shares were off 70 cents after hours at $93.50.
Cable operator Charter Communications Inc. (CHTR) said that
funds affiliated with Apollo Capital Management L.P. plan to sell
6.2 million of their roughly 24 million shares, and funds
affiliated with Oaktree Opportunities Investments L.P. have agreed
to sell 3.1 million shares of around 12.1 million shares. Charter,
which recently had around 101.2 million shares outstanding, won't
receive any proceeds from the offering. Shares fell 15 cents to
$89.65 after hours.
TherapeuticsMD Inc. (TXMD) plans to offer $50 million of its
shares, subject to market conditions. The company, which makes
prenatal vitamins and cosmetics, recently had a market
capitalization of roughly $357 million. Shares closed Thursday at
$3.40 and were unchanged after hours.
Ventas Inc. (VTR) said it may sell as much as $750 million of
its shares as it raises funds for general purposes including
acquisitions and paying down debt. The health-care-focused
real-estate investment trust may make some sales directly through
the New York Stock Exchange, through a market maker or electronic
network, or through privately negotiated transactions. The company
recently had a market capitalization of around $20.7 billion.
Shares were off 1.6% at $69.73 after hours.
Write to Kristin Jones at kristin.jones@dowjones.com
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