Inveresk, which disclosed its fourth quarter earnings this morning (see related story under ‘Hot Off the Wire’), announced plans for a public stock offering as well.

Inveresk said it would sell 3 million shares itself and that stockholders, which it did not identify, would sell another 7.35 million shares.

Proceeds of the sale of stock held by Inveresk would be used to repay some debt and also for general corporate purposes, the company said in a statement.