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Steel & Tube raises $42.3M

Steel & Tube Holdings says 71 percent of its deeply discounted 1-for-1.9 pro rata rights offer was taken up by shareholders and the stock has been halted for a shortfall bookbuild to raise another $17.8 million. 

Shareholders bought about $42.3 million of new shares at $1.05 in the offer, a 28 percent discount to the $1.46 price they were trading at prior to the announcement. The shares clo

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