GrafTech (GTI) Misses Q1 EPS by 5c
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Jefferies Downgrades GrafTech International (GTI) to Hold
May 1, 2015 6:52 AM EDTJefferies downgraded GrafTech International (NYSE: GTI) from Buy to Hold with a price target of $5.05 (from $7.50).
Analyst Luke Folta commented, "With electrode markets worse than expected, reduced LT prospects for Seadrift/ES, and dilution from GTIs proposed stock offering, we no longer see... More
GrafTech (GTI) Enters LOI with Brookfield Asset Management (BAM) Regarding Potential Sale of Preferred and Common Shares
April 30, 2015 9:06 AM EDTAfter the close, GrafTech (NYSE: GTI) announced its Board of Directors has unanimously approved entering into a letter of intent regarding the potential sale of $150 million of 7% convertible preferred shares in a private offering to an affiliate of Brookfield Asset Management Inc. (NYSE: BAM), a global alternative asset manager with more than $200 billion in assets under management. GrafTech announced that the Board also unanimously approved entering into a separate letter of intent for a possible tender offer by Brookfield to acquire outstanding shares of GrafTech common stock.
Possible... More
