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		<title>Stock Market Absorbs $500+ Million in Secondaries Today (AAWW, DTG, HUB-B, OCFC, SWSI, VECO)</title>
		<link>http://247wallst.com/2009/10/29/stock-market-absorbs-500-million-in-secondaries-today-aaww-dtg-hub-b-ocfc-swsi-veco/</link>
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		<pubDate>Thu, 29 Oct 2009 17:35:06 +0000</pubDate>
		<dc:creator>247wallst</dc:creator>
				<category><![CDATA[Secondary Offering]]></category>
		<category><![CDATA[AAWW]]></category>
		<category><![CDATA[DTG]]></category>
		<category><![CDATA[HUB-B]]></category>
		<category><![CDATA[OCFC]]></category>
		<category><![CDATA[SWSI]]></category>
		<category><![CDATA[VECO]]></category>

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		<description><![CDATA[The market has just absorbed over $500 million worth of stock in secondary offerings today alone.  We have offerings that came from Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW), Dollar Thrifty Automotive Group, Inc. (NYSE: DTG), Hubbell Incorporated (NYSE: HUB-B), OceanFirst Financial Corp. (NASDAQ: OCFC), Superior Well Services, Inc. (NASDAQ: SWSI), and Veeco Instruments Inc. [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=247wallst.com&#038;blog=5450697&#038;post=51695&#038;subd=247wallst&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><a rel="attachment wp-att-51694" href="http://247wallst.com/2009/10/29/stock-market-absorbs-500-million-in-secondaries-today-aaww-dtg-hub-b-ocfc-swsi-veco/money-image-17/"><img class="alignleft size-medium wp-image-51694" title="Money Image" src="http://247wallst.files.wordpress.com/2009/10/money-image16.jpg?w=141&h=116" alt="Money Image" width="141" height="116" /></a>The market has just absorbed over $500 million worth of stock in secondary offerings today alone.  We have offerings that came from Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW), Dollar Thrifty Automotive Group, Inc. (NYSE: DTG), Hubbell Incorporated (NYSE: HUB-B), OceanFirst Financial Corp. (NASDAQ: OCFC), Superior Well Services, Inc. (NASDAQ: SWSI), and Veeco Instruments Inc. (NASDAQ: VECO).<br />
<span id="more-51695"></span><br />
Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW) priced its offering of 4,000,000 shares of common stock at $25.75 per share.  Net proceeds are about $98.1 million for general corporate purposes.  Morgan Stanley and Goldman Sachs were joint book-running managers, and BB&amp;T Capital Markets, Stephens Inc., and CJS Securities were co-managers.</p>
<p>Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) priced its secondary offering of 5,750,000 shares of common stock at $19.25 per share.  Net proceeds are expected to be about $105 million for general corporate purposes.  Goldman Sachs and J.P. Morgan were the joint book-running managers.</p>
<p>Hubbell Incorporated (NYSE: HUB-B) priced a secondary offering of 2,600,000 shares of its Class B shares at $43.00 per share via Morgan Stanley and J.P. Morgan as joint book-runners. This raised about $106.5 million for debt repayment and other corporate purposes after the acquisition of FCI Americas, Inc.</p>
<p>OceanFirst Financial Corp. (NASDAQ:OCFC) priced its secondary offering of 5,556,000 shares of common stock at $9.00 per share via Sandler O&#8217;Neill and Stifel Nicolaus as joint book-running managers and with Keefe Bruyette &amp; Woods and Sterne Agee &amp; Leach as co-managers.  Net proceeds from the offering are about $46.9 million of which a part will be used to repurchase Cumulative Perpetual Preferred Stock sold to the U.S. Treasury under the Capital Purchase Program of the TARP.</p>
<p>Superior Well Services, Inc. (NASDAQ: SWSI) priced its secondary offering of 6,000,000 shares of common stock at $10.50 per share.  All of the shares were being offered by the company and generated $63 million in gross proceeds to repay a portion of its debt.  BofA Merrill Lynch was the book-running manager of the offering.</p>
<p>Veeco Instruments Inc. (NASDAQ: VECO) has priced its secondary offering of 5,000,000 shares of common stock at $23.75 per share.  The $118.8 million in gross proceeds for general corporate purposes via Citi and J.P. Morgan as joint book-running managers with Canaccord Adams and Piper Jaffray as co-managers.</p>
<p>JON C. OGG</p>
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	<category domain="tickers">AAWW</category><category domain="tickers">DTG</category><category domain="tickers">HUB-B</category><category domain="tickers">OCFC</category><category domain="tickers">SWSI</category><category domain="tickers">VECO</category>
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