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Article: Flow International Announces Intent for Common Stock Offering.
- Article from:
- PR Newswire
- Article date:
- September 1, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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KENT, Wash., Sept. 1 /PRNewswire-FirstCall/ -- Flow International Corporation , the world's leading developer and manufacturer of industrial waterjet machines for cutting and cleaning applications, today announced its intention to offer, subject to market and other customary conditions, up to 9 million shares of common stock through Roth Capital Partners, LLC.
The shares described above are being offered by Flow pursuant to a registration statement previously filed and declared effective by the Securities and Exchange Commission on July 16, 2009. Flow intends to use the net proceeds from this offering for the repayment of debt under its credit facility and for ...