Jun. 9, 2010 (Business Wire) -- GrafTech International Ltd. (NYSE:GTI) today announced that it has received a request for additional information and documentary material from the Antitrust Division of the U.S. Department of Justice (DOJ) regarding GrafTech’s proposed acquisitions of Seadrift Coke L.P. and C/G Electrodes LLC. The request for additional information and material, commonly referred to as a “Second Request”, is part of a customary antitrust regulatory review process. Completion of the acquisitions is subject to compliance with applicable DOJ clearance procedures as well as other customary closing conditions. GrafTech intends to reply to the request promptly and continues to expect the two acquisitions to close in 2010.
GrafTech International Ltd. is one of the world’s largest manufacturers and providers of high quality synthetic and natural graphite and carbon based products and technical and research and development services, with customers in about 70 countries engaged in the manufacture of steel, automotive products and electronics. We manufacture graphite electrodes, products essential to the production of electric arc furnace steel. We also manufacture thermal management, fuel cell and other specialty graphite and carbon products for, and provide services to, the electronics, power generation, solar, oil and gas, transportation, petrochemical and other metals markets. We operate 11 manufacturing facilities strategically located on four continents. For additional information on GrafTech International Ltd., call 216-676-2000, or visit our website at www.graftech.com.
NOTE ON FORWARD-LOOKING STATEMENTS: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are subject to, among other things, satisfaction of the closing conditions to the transactions, the risk that the contemplated transactions do not occur, negative effects from the pendency of the transactions, the ability to successfully integrate the acquired businesses and to realize expected benefits and synergies, business and economic conditions and growth trends in the industry, customer markets and various geographic regions, global economic conditions, uncertainties in the geopolitical environment, and other risk factors that are discussed in GrafTech’s SEC filings. Actual results may differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to publicly update or revise any of them in light of new information, future events or otherwise.
INVESTORS ARE ALSO URGED TO READ CAREFULLY THE FINAL PROSPECTUS AND S-4 REGISTRATION STATEMENT WHEN THEY BECOME AVAILABLE REGARDING THE PROPOSED TRANSACTIONS BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTIONS. These materials will be made available to GrafTech stockholders at no expense to them. Investors and security holders will be able to obtain the documents (when available) free of charge at the SEC's web site, www.sec.gov. In addition, such materials (and all other documents filed with the SEC) will be available free of charge at www.graftech.com. Such final documents are not currently available. You may also read and copy any reports, statements and other information filed by GrafTech with the SEC at the SEC public reference room at 100 F Street N.E., Room 1580, Washington, D.C. 20549. Please call the SEC at (800) 732-0330 or visit the SEC's website for further information on its public reference room. This news release does not constitute an offer or solicitation as to any securities. References to street or analyst earnings estimates mean those published by First Call.
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