Quaker Chemical sell 1,100,000 shares its common stock

Quaker Chemical to sell 1,100,000 shares of its common stock

12:37 PM, 17th June 2011
Quaker Chemical to sell 1,100,000 shares of its common stock

CONSHOHOCKEN, US: Quaker Chemical Corporation announced the pricing of an underwritten public offering of 1,100,000 shares of its common stock, offered at a price to the public of $ 40.50 per share. Quaker has granted the underwriters a 30-day option to purchase up to an aggregate of 165,000 additional shares of common stock to cover overallotments, if any. All of the shares in the offering are to be sold by Quaker. The offering is expected to close on or about May 10, 2011, subject to customary closing conditions.

Quaker intends to use the net proceeds from the offering to repay a portion of the indebtedness outstanding under its primary credit facility, informed the company.

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