Akin Gump Advises FelCor Lodging Trust in Common Stock Offering
(Dallas) – Akin Gump advised FelCor Lodging Trust Incorporated in the sale of 18.4 million shares of its common stock, pursuant to a previously announced public offering at $11.25 per share.
The shares sold include 2.4 million shares of common stock purchased by the underwriters, who exercised their overallotment option in full. FelCor received net proceeds from the offering, after deducting underwriting discounts and commissions and expenses, of approximately $198.5 million.
The Akin Gump team advising FelCor was led by corporate partner Robert Dockery. It included tax partner Dan Micciche, corporate counsel Matt Bivona and corporate associate John Clayton.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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