Hanger Orthopedic Completes Common Stock Offering
Date: 12/15/10
Cahill represented Barclays Capital as sole underwriter in the $40,000,000 offering of 2,000,000 shares of common stock issued by Hanger Orthopedic Group (NYSE: HGR) priced at $20 per share. These shares represented a portion of outstanding shares granted to major stockholder Ares Corporate Opportunities Fund LP, as Series A convertible preferred stock in 2008. Hanger will not receive the proceeds from the sale and its number of outstanding shares were unchanged by the offering.