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Calumet Specialty Products (CLMT) -4.6% AH after announcing a public offering of 5.25M common...

Calumet Specialty Products (CLMT) -4.6% AH after announcing a public offering of 5.25M common units. CLMT says it intends to use net proceeds for general partnership purposes, including working capital, capital expenditures, acquisitions and possibly pay down debt.
Comments (3)
  • We feel like diluting out equity holders because, well why not?
    25 Mar 2013, 05:45 PM Reply Like
  • It'll be back at today's closing price in no time.
    25 Mar 2013, 06:06 PM Reply Like
  • By the end of this trading week if not sooner, barring some macro thing blowing up the market in general.
    25 Mar 2013, 08:14 PM Reply Like
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