WHX completes offering

September

WHX Corp., a White Plains-based industrial products manufacturer, said that it has completed a stock offering in which it sold nearly 111.8 million shares of its common stock to existing stockholders through the exercise of rights at a subscription price of $1.40 per share.

The company said that it will use proceeds from the offering to make partial payments to lenders and other purposes. Shares of WHX, which trade on the Pink Sheets, fell 10 cents yesterday to $1.40.

This entry was posted on Friday, September 26th, 2008 at 4:05 pm by Jay Loomis.
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