glenn1919
5月前
EAF,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,https://stockcharts.com/h-sc/ui?s=EAF&p=W&b=5&g=0&id=p86431144783
RareWare64
10年前
INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of GrafTech International Ltd. (GTI) Over the Proposed Sale of the Company to Brookfield Asset Management, Inc.
NEW YORK, May 19, 2015 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of GrafTech International Ltd. ("GrafTech" or the "Company") (GTI) for potential breaches of fiduciary duties in connection with the sale of the Company to Brookfield Asset Management, Inc. ("Brookfield") for approximately $546 million. The Company's stockholders will only receive $5.05 per share in cash for each share of GrafTech common stock they own. However, at least one analyst has set a price target of $6.00 for the Company's stock.
RareWare64
10年前
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of GrafTech International Ltd
BALA CYNWYD, Pa.--(BUSINESS WIRE)--
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of GrafTech International Ltd. ("GrafTech” or "the Company") (GTI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Brookfield Asset Management, Inc. (“Brookfield”).
Click here to learn more about the investigation http://brodsky-smith.com/939-gti-graftech-international-ltd.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, GrafTech shareholders will receive only $5.05 in cash for each share of GrafTech stock they own. The investigation concerns whether the Board of GrafTech breached their fiduciary duties to shareholders and whether Brookfield is underpaying for GrafTech. The transaction may undervalue GrafTech and would result in a substantial loss for many GrafTech shareholders. For example, an analyst has placed a $6.00 per share price target on GrafTech stock and on January 16, 2014 GrafTech stock traded at $12.97 per share.
If you own shares of GrafTech and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004 by visiting http://brodsky-smith.com/939-gti-graftech-international-ltd.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150519005484/en/
RareWare64
10年前
GRAFTECH INTERNATIONAL (GTI) SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of GrafTech International Ltd.
WILMINGTON, Del.--(BUSINESS WIRE)--
Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of GrafTech International Ltd. (GTI) (“GrafTech” or the “Company”) relating to the sale of the Company to an affiliate of Brookfield Asset Management, Inc. (“Brookfield”). On May 18, 2015, the two companies announced the signing of a definitive merger agreement pursuant to which Brookfield will acquire GrafTech in a merger via a tender offer. As a result of the merger, GrafTech shareholders are only anticipated to receive $5.05 per share in cash in exchange for each share of GrafTech.
Our investigation so far has revealed that the consideration GrafTech shareholders are expected to receive is significantly inadequate. While the Company claims that shareholders will receive a “26% premium” for their shares, in reality GrafTech shareholders are only receiving a 2% premium based on Friday’s May 15, 2015 closing price (at $4.95 per share). When compared to yesterday’s $5.05 per share closing stock price, GrafTech shareholders will be receiving virtually no premium at all. Tellingly, analysts at Yahoo! Finance have set a $6.00 per share price target for GrafTech, which is approximately 18.8% more than what GrafTech shareholders are expected to receive.
Andrews & Springer is investigating whether the GrafTech Board of Directors is breaching their fiduciary duties to shareholders and whether GrafTech’s directors have failed to maximize shareholder value.
If you own shares of GrafTech and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/GTI or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150519005813/en/
RareWare64
10年前
Brookfield plans to buy GrafTech in a tender offer
NEW YORK (AP) -- Brookfield Asset Management Inc. plans to buy graphite manufacturer GrafTech International Ltd. for about $691.8 million in a tender offer.
The Toronto-based asset manager is paying $5.05 per share for GrafTech, which is based in Parma, Ohio. That represents less than a 2 percent premium to the stock's closing price on Friday.
Earlier this month, Brookfield entered a deal with GrafTech to buy $150 million worth of 7 percent convertible preferred shares of GrafTech stock in a private offering.
The tender offer was approved by both company's boards. It will start no later than May 26 and expire on July 7.
"The company believes that Brookfield has an exceptional track record sponsoring public companies in difficult underlying market conditions, including significant knowledge and experience in steel, mining and metals, and other industrial sectors," GrafTech said in a statement.
Shares of GrafTech rose 14 cents, or 2.8 percent, to $5.09 in premarket trading.