Albemarle announces $1.75B depositary shares offering with an option to purchase up to an additional $262.5M of depositary shares. Stock down 10% AH.
I would loved if they announced "fund will be used to buyout Phoenix."
So far from announcement the Purpose of riase is: Plan to use the proceeds for general corporate purposes, which may include funding growth capital expenditures, such as the construction and expansion of lithium operations in Australia and China that are significantly progressed or near completion, and repaying outstanding debt.
