GULFPORT — Hancock Holding Company’s public offering of 4.3 million shares of its common stock has priced at $35.50 per share for gross proceeds of $152.65 million.
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.
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