Media Contact:
Lynn Tellefsen
Director of Marketing & Communications
Phone: 212.701.3614
Fax: 212.378.2410
ltellefsen@cahill.com

Legal News

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.

Media Contact:
Lynn Tellefsen
Director of Marketing & Communications
Phone: 212.701.3614
Fax: 212.378.2410
ltellefsen@cahill.com