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03 Jun
15:09

US' Ampco seeks liquidity with rights offering

US mill roll supplier Ampco-Pittsburgh is researching a shareholder rights offering to raise liquidity, Kallanish learns from a company statement.  "We are exploring a potential rights offering to raise additional capital to accelerate our restructuring efforts, improve overall liquidity, and reduce indebtedness,” says ceo Brett McBrayer. “If we proceed with this offering, our shareholders will have the first opportunity to purchase additiona…
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