Los Angeles Business Journal

Hudson Pacific Prices Stock Offering

By Deborah Crowe Thursday, March 20, 2014

Shares of Hudson Pacific Properties Inc. rose slightly on Thursday after the office landlord priced a 3.5 million share secondary offering of stock being sold by shareholders.

The Los Angeles company, which specializes in media and entertainment industry properties in California, said the shares were being sold by funds affiliated with Farallon Capital Management of San Francisco. The offering, which was managed by BofA Merrill Lynch and Wells Fargo Securities, is expected to close Tuesday.

Shares closed up 10 cents, or less than 1 percent, to $23.13 on the New York Stock Exchange.