Molycorp (MCP) Shares Lower as Co. to Sell 10M Shares in Secondary Offering
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Molycorp (NYSE: MCP) shares are slumping after hours Tuesday as the company will raise funds through a common stock offering.
Molycorp announced it will sell 10 million common in a secondary offering as well as a $200 million Convertible Senior Notes offering.
The stock is down 5 percent to $55.90.
Molycorp announced it will sell 10 million common in a secondary offering as well as a $200 million Convertible Senior Notes offering.
The stock is down 5 percent to $55.90.
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