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Global Brass and Copper Holdings Updates on Increased Size of Secondary Public Offering of Common Stock by Selling Shareholder

February 2, 2014

Global Brass and Copper Holdings, Inc. announced an increase in size of the previously announced underwritten public offering to 6,400,000 shares of its common stock by Halkos Holdings , an affiliate of KPS Capital Partners . In a release on January 23 , the Company noted that the underwriter has a 30-day option to purchase up to an additional 910,000 shares of common stock. The shares of common stock were offered in one or more transactions in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices. The offering is expected to close on January 28 , subject to satisfaction of customary closing conditions. The Company will not receive any proceeds from the offering. The total number of shares of the Company's common stock outstanding will not change as a result of the offering. Morgan Stanley & Co. is acting as the sole underwriter for the offering. The Company is a converter, fabricator, distributor and processor of specialized copper and brass products in North America . ((Comments on this story may be sent to newsdesk@closeupmedia.com ))


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Source: Manufacturing Close - Up


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