GrafTech International (EAF) stock dipped -6.11 to $9.06 in the late hours yesterday. The company revealed that affiliates of Brookfield Asset Management Inc. and Brookfield Business Partners LP, members of the Brookfield consortium, priced an underwritten secondary offering of approximately 8,500,000 shares of GrafTech common stock.
This represents an increase of 1,500,000 shares relative to the number previously announced. Net proceeds from the offering will be paid to the selling stockholders. The offering does not include shares of GrafTech’s common stock.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
The offering will be underwritten by Morgan Stanley & Co. LLC.