Finance

MedCath reports exercise of common stock offering over-allotment option at $25 a share

Published in Pharma Investments, Ventures and Law Weekly, December 31st, 2006

MedCath Corporation (MDTH) announced that the underwriters of its common stock offering have exercised their over-allotment option to purchase an additional 400,000 shares of MedCath common stock from certain selling stockholders at $25 per share.

The underwriters exercised the option on November 27, 2006; it has since closed. The company did not receive any proceeds from the sale of shares by the selling stockholders.

Citigroup Global Markets Inc., Wachovia Capital Markets, LLC, and Deutsche Bank Securities Inc., acted as joint book-running managers for the underwritten offering. In addition, Banc of America Securities LLC, Raymond James &...

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Source: Pharma Investments, Ventures and Law Weekly (2006-12-31)

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