GBC seeks public offering to comply with NYSE rules
Sep 12, 2013 | 05:02 PM
| Everdeen Mason
NEW YORK Global Brass & Copper Holdings Inc. (GBC) has filed a proposal with the U.S. Securities and Exchange Commission for a secondary public offering, just three months after closing its initial public offering, in order to better comply with New York Stock Exchange (NYSE) governance rules.
The company is proposing a public offering of 5 million shares of common stock owned by GBC majority shareholder Halkos Holdings LLC, par value 1 cent per share, the Schaumburg, Ill.-based company said Sept. 11. Halkos is also granting underwriters the chance to purchase up to an additional 750,000 common shares.....
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