GBC mulls acquisitions with potential IPO filing

Apr 24, 2013 | 03:42 PM | Suzy Waite

Tags  Global Brass & Copper, IPO, Securities and Exchange Commission, SEC, Olin Brass, Chase Copper & Brass, A.J. Oyster, copper brass

NEW YORK — Global Brass & Copper Holdings Inc. (GBC) might pursue acquisition opportunities as it makes a second attempt at an initial public offering (IPO), according to a regulatory filing by the company.

GBC is hoping to raise up to $172.5 million, it said in an amended IPO prospectus filing with the U.S. Securities and Exchange Commission (SEC). That’s up from the $150-million figure given in an earlier filing in 2011 (amm.com, Oct. 31, 2011).

GBC declined to comment as the company is in a quiet period. The company owns copper product producers Olin Brass Corp. and Chase Brass & Copper Co. LLC, as well as distributor A.J. Oster Group.

Schaumburg, Ill.-based GBC is now in a position to pursue other opportunities, including acquisitions, it said. ....





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