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Hancock Holding prices common stock offering

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Hancock Holding prices common stock offering

Hancock Holding Co. priced its previously announced public offering of 5.5 million common shares.

The company has granted underwriters an option to purchase up to an additional 825,000 common shares. Hancock Holding expects net proceeds of approximately $225.8 million, or $259.6 million including the overallotment option.

The company originally announced an offering of 5 million shares, with a 750,000-share overallotment option.

The offering is expected to close Dec. 16.