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Article: Schweitzer-Mauduit To Offer 1.8 Million Common Shares.
- Article from:
- Investrend
- Article date:
- November 10, 2009
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Nov 10, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/11/10/schweitzer-mauduit-to-offer-18-million-common-shares/)
November 10, 2009 (FinancialWire) -- Schweitzer-Mauduit International, Inc. (NYSE: SWM) said it plans to publicly offer 1.8 million shares of its common stock in an underwritten offering. Goldman, Sachs & Co. (NYSE: GS) is serving as the sole bookrunning manager.
The company plans to grant the underwriters a 30-day option to purchase up to an additional 15% of shares sold.
Schweitzer-Mauduit plans to use the net proceeds from the offering for general corporate purposes, including the ...