Cahill Represents Arch Capital Group Ltd. in Approximately $655 Million Secondary Offering of Common Stock
Cahill represented Arch Capital Group Ltd. in connection with an underwritten secondary offering of an aggregate of 7,088,620 shares of common stock, including 707,210 shares issued upon exercise of an over-allotment option. The shares of common stock sold to the public were converted from shares of Arch’s series D preferred shares issued to American International Group, Inc. in connection with Arch’s acquisition of United Guaranty Corporation. The shares priced at $92.50 and are listed on NASDAQ. Arch Capital Group provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly-owned subsidiaries.