Cahill Representing Security Capital Assurance in Initial Public Offering
Security Capital prices 22.4 million shares at $20.50
Date: 08/01/06
Cahill is representing Security Capital Assurance Ltd (NYSE: SCA) in its initial public offering of 22,447,728 common shares at $20.50 per share. Of the shares offered, 18,009,119 are being offered by SCA and 4,438,609 are being offered by the shareholder of SCA, XL Insurance (Bermuda) Ltd. The selling shareholder has granted to the underwriters a 30-day option to purchase up to an additional 2,244,773 common shares.