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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. ....
GrafTech: Q1 Earnings Snapshot FacebookTwitterEmail BROOKLYN HEIGHTS, Ohio (AP) GrafTech International Ltd. (EAF) on Wednesday reported first-quarter net income of $98.8 million. The Brooklyn Heights, Ohio-based company said it had profit of 37 cents per share. The maker of graphite products posted revenue of $304.4 million in the period. GrafTech shares have climbed 25% since the beginning of the year. The stock has risen 69% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EAF at https://www.zacks.com/ap/EAF Top Picks In Shopping ....