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07 Mar
15:43

GrafTech cancels new secondary stock offering

US graphite electrode producer GrafTech has apparently canceled its planned secondary public offering, Kallanish learns from a company release. After announcing the offering on 5 March, GrafTech decided on 7 March “...not to proceed with the previously announced secondary offering of the company’s common stock due to market conditions.” The terms of the offering were to be 17.5 million shares of common stock held by majority shareholder Broo…
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