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Stock Market & Financial Investment News

News Breaks
February 27, 2013
09:02 EDTGTIGrafTech falls 6.7%
GrafTech is down 6.7%, or 53c, to $7.39
News For GTI From The Last 14 Days
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April 24, 2014
16:51 EDTGTIGrafTech urges holders to vote the WHITE proxy card
GrafTech International announced that it has mailed a letter to stockholders in connection with the Company's May 15 Annual Meeting of Stockholders urging them to protect their investment by voting the WHITE proxy card FOR GrafTech’s seven experienced and highly qualified director nominees. In connection with its campaign to reinstall Nathan Milikowsky on the GrafTech Board, the Milikowsky Group has presented a platform that, if implemented, would be detrimental to stockholder value. In addition, the only Milikowsky Group initiatives based on sound business principles are those that the GrafTech Board has long been driving and that were implemented before the Milikowsky Group launched its proxy contest. Apart from the initiatives underway at GrafTech, the strategies presented by the Milikowsky Group are either unsound, based on flawed assumptions, misleading in nature or simply inappropriate for a global carbon and graphite material sciences business like GrafTech.
09:10 EDTGTIGrafTech sees Q2 EBITDA $30M-$40M
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09:08 EDTGTIGrafTech backs FY14 EBITDA $150M-$180M
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09:04 EDTGTIGrafTech says rationalization activities substantially completed
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09:04 EDTGTIGrafTech reports Q1 EPS (1c) ex-charges, consensus (2c)
Reports Q1 revenue $281M, consensus $270.69M.
April 15, 2014
19:14 EDTGTIGrafTech urges stockholders to vote for its director nominees
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09:02 EDTGTIGrafTech urges shareholders to vote for director nominees at annual meeting
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06:47 EDTGTIGrafTech likely to become embroiled in proxy battle, NY Times says
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April 14, 2014
07:46 EDTGTIGrafTech says stands behind prior investigation, process and findings
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April 13, 2014
15:32 EDTGTI'Save GrafTech' responds to settlement proposal rejection by Graftech
Nathan Milikowsky, a former GrafTech International director and a holder of over 15M GrafTech shares, or over 11.2%, of the common stock, sent a letter to GrafTech in response to the company’s rejection of Save GrafTech’s latest settlement proposal. Save GrafTech has nominated five directors for election to the board of directors of GrafTech at the company’s annual meeting of stockholders on May 15. The letter said in part: "On April 11, Save GrafTech proposed a settlement offer for minority representation on a newly reconstituted 10-member Board...Save GrafTech also proposed a solution to address any concerns the company might have about my suitability to rejoin the board...Having served on the Board with your current directors, I was not surprised that GrafTech rejected this eminently reasonable offer and responded in less than eight hours with an unacceptable counter-proposal. However, I was surprised that this rejection clearly betrays the board’s lack of confidence in the “findings" of its own Special Committee investigation, which was the pretext for excluding me from continuing to serve as a director in 2013...It is unfortunate that our settlement discussions have been scuttled by GrafTech’s inability to accept an exceptionally reasonable offer, which included minority representation for the Save GrafTech slate as well as a significant two-year standstill provision...I look forward to providing shareholders with a platform for truly meaningful change at the 2014 Annual Meeting. "

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