Jefferies Downgrades GrafTech International (GTI) to Hold
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GrafTech Reports First Quarter 2015 Results
April 29, 2015 6:53 PM EDTEarnings Call Time Changed to 8 a.m. Eastern on April 30th
INDEPENDENCE, Ohio--(BUSINESS WIRE)-- GrafTech International Ltd. (NYSE: GTI) today announced financial results for the first quarter ended March 31, 2015.
2015 First Quarter Review
Net sales were $207 million, a decrease of 26 percent, compared to $281 million in the same period of the prior year. Lower shipment volumes and pricing in both business segments primarily drove the reduction in sales. Currency fluctuations negatively impacted sales in the quarter by approximately five percentage points.... MoreGrafTech Announces Letters of Intent with Brookfield Asset Management for Preferred Equity Investment and Tender Offer
April 29, 2015 6:51 PM EDTPreferred Equity Investment of $150 Million Reflects Brookfields Confidence in GrafTechs Strategic Priorities and Ability to Enhance Value;
Tender Offer to Purchase GrafTech Shares Would Be at $5.05 Per Share;
Annual Meeting Postponed
INDEPENDENCE, Ohio--(BUSINESS WIRE)-- GrafTech International Ltd. (NYSE: GTI) today 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:... More
