Brookfield to acquire stake in GrafTech International for $150 mln
The private equity group of Brookfield Asset Management has agreed to buy US$150 million of convertible preferred shares of GrafTech International Ltd (NYSE: GTI), a U.S. provider of graphite material solutions to a range of industries and end markets, including steel manufacturing. With the deal's closing, Brookfield will be entitled to hold a minority interest in the company and to appoint two directors to its board. As recently reported by peHUB Canada, the agreement between GrafTech and Brookfield may also result in the latter acquiring the outstanding shares of the company's common stock. GrafTech and Brookfield are currently negotiating the terms of a potential offer.
5 May 2015•8 mins read
