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| Home : Final Regulatory Approval for Tender Offer for GrafTech International Ltd. Shares and Completion of $150 Million Preferred Equity Investment |
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Aug 12
2015 |
Final Regulatory Approval for Tender Offer for GrafTech International Ltd. Shares and Completion of $150 Million Preferred Equity Investment |
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TORONTO, ONTARIO--(Marketwired - Aug. 11, 2015) - BCP IV GrafTech Holdings LP ("Purchaser") and Athena Acquisition Subsidiary Inc. ("Acquisition Sub") announced today that Purchaser has consummated the previously announced purchase of $150 million of preferred equity in GrafTech International Ltd. (the "Company") (NYSE:GTI) after receiving notice that the Committee on Foreign Investment in the United States (CFIUS) has concluded its investigation of the equity purchase and has no unresolved national security concerns. The conclusion of the investigation by CFIUS was the final regulatory condition required to be satisfied in connection with the Purchaser's and Acquisition Sub's tender offer (the "Offer") for up to all of the issued and outstanding shares of common stock, par value of $0.01 per share (the "Shares"), of the Company, at a purchase price of $5.05 per Share, in cash. |
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| Source:http://www.marketwired.com/mw/release.do?id=2046936&sourceType=3 |
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