Brookfield to commence tender offer of GrafTech for $5.05 per share

GrafTech International Ltd (NYSE: GTI) has agreed to be acquired by the private equity group of Brookfield Asset Management. Under the terms of the deal, Brookfield will commence to buy up to all of the outstanding shares of GrafTech common stock at a purchase price of US$5.05 per share. It was recently reported by peHUB Canada that this transaction combined with Brookfield's earlier purchase of US$150 million of convertible preferred shares of GrafTech had an estimated total value of about US$840 million. Based in Independence, Ohio, GrafTech is a provider of graphite material solutions for customers in a wide range of industries and end markets, including steel manufacturing.

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