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Arena Puts More Shares on Market

Arena Pharmaceuticals announced the pricing of a public offering Dec. 8 for 11.5 million shares of common stock at $13.21 per share.

Underwriters for the offering have the option to purchase an additional 1.7 million shares to cover over-allotments.

Arena stock’s trading volume Dec. 8 at 10:30 a.m. was at 2.3 million.

San Diego-based bio-pharmaceutical company Arena is traded on the Nasdaq as ARNA and closed Dec. 7 at $13.21, down 23 cents from the previous day’s close.

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, Andy Killion

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