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 Closes $175.5 Million Common Stock Offering 2009-10-27 11:38 ET - News Release GULFPORT, Miss., Oct. 27, 2009 (GLOBE NEWSWIRE) -- Hancock Holding Company (Nasdaq:HBHC) today announced that the company raised gross proceeds of approximately $175.5 million through its previously announced public common stock offering.
The company, in connection with the offering, issued 4,945,000 shares of common stock, including 645,000 shares issued pursuant to the full exercise of the underwriters' over-allotment option. Net proceeds of the offering to Hancock were approximately $167.3 million after estimated expenses. 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.
Hancock Holding Company President and Chief Executive Officer Carl J. Chaney noted, "We are very pleased with the overwhelming interest and the results this offering generated. We believe this response reflects the company's 110-year history of financial strength and stability. These proceeds further position Hancock to consider expansion opportunities that fit the company's strategic growth plans throughout the Gulf South region."
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