This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Hancock Holding Company Announces Pricing of Common Stock Offering 2009-10-20 20:06 ET - News Release GULFPORT, Miss., Oct. 20, 2009 (GLOBE NEWSWIRE) -- Hancock Holding Company (Nasdaq:HBHC) today announced that its public offering of 4,300,000 shares of its Common Stock has priced at $35.50 per share for gross proceeds of $152,650,000. The Company has granted the underwriters a 30-day option to purchase up to an additional 645,000 shares of Common Stock to cover over-allotments, if any. Keefe, Bruyette & Woods, Inc. and Morgan Stanley acted as joint book-running managers, and Sterne Agee & Leach, Stifel Nicolaus & Co. and FIG Partners served as co-managers.
The Company intends to use the proceeds of the offering for general corporate purposes, which may include financing acquisition opportunities and other expansion efforts.
The Company expects to close the transaction, subject to customary conditions, on or about October 26, 2009. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The offering will be made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from Keefe, Bruyette & Woods, Inc., Equity Capital Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019 or by calling toll-free (800) 966-1559 and from Morgan Stanley at 180 Varick St, 2nd Floor, New York, NY 10014, Attention: Prospectus Department or by email at prospectus@morganstanley.com.
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