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GrafTech International Ltd. (NYSE:GTI) announced that the Committee on Foreign Investment in the United States (CFIUS) has granted it approval to close its previously announced transactions with affiliates of Brookfield Asset Management Inc. (TSX:BAM.A,NYSE:BAM).
GrafTech International Ltd. (NYSE:GTI) announced that the Committee on Foreign Investment in the United States (CFIUS) has granted it approval to close its previously announced transactions with affiliates of Brookfield Asset Management Inc. (TSX:BAM.A,NYSE:BAM).
As quoted in the press release:
The approval by CFIUS is the final regulatory approval required to consummate the $150 million preferred equity investment and the tender offer by Brookfield.
GrafTech expects to close on the $150 million preferred equity investment within the next three business days. The tender offer by Brookfield is scheduled to expire at 12:00 midnight, New York City time, at the end of August 13, 2015, unless extended in accordance with the terms of the merger agreement and the applicable rules and regulations of the Securities and Exchange Commission.
Click here to read the full GrafTech International Ltd. (NYSE:GTI) press release.