Ampco-Pittsburgh (AP) Explores Potential Rights Offering

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Go back to Ampco-Pittsburgh (AP) Explores Potential Rights Offering

Ampco-Pittsburgh Corporation Explores Potential Rights Offering

June 2, 2020 4:31 PM EDT

CARNEGIE, Pa.--(BUSINESS WIRE)-- Ampco-Pittsburgh Corporation (NYSE: AP) (the Corporation) announced today that it is contemplating a rights offering that would, when initiated, involve the issuance to its shareholders (as of a future record date) of a dividend of rights and potential over-subscription rights to purchase shares of its capital stock (Shares) and potentially other securities. The Corporation is considering offering any or all of the following securities: common stock, dividend yielding preferred stock, warrants and/or dividend yielding convertible preferred stock. The offering of the securities would be made pursuant to a... More