GrafTech International Stockholder to Sell 20 Million Shares
25 5월 2021 - 9:36PM
Dow Jones News
By Chris Wack
GrafTech International Ltd. said an affiliate of Brookfield
Asset Management Inc. and Brookfield Business Partners LP, members
of the Brookfield consortium that has an existing ownership
interest in GrafTech, intends to offer 20 million shares of
GrafTech common stock in an underwritten secondary offering.
The company said the selling stockholder will receive all of the
proceeds from the offering. GrafTech isn't offering any shares of
common stock in the offering.
The underwriter will offer the shares from time to time for sale
through negotiated transactions or otherwise, at market prices
prevailing at the time of sale, at prices related to such
prevailing market prices or at negotiated prices.
J.P. Morgan Securities LLC is acting as the sole underwriter for
the offering.
GrafTech shares were down 6% to $13.07 in premarket trading.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
May 25, 2021 08:34 ET (12:34 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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