GBC mulls acquisitions with potential IPO filing
Apr 24, 2013 | 03:42 PM
| Suzy Waite
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). Thats 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. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.