Gencorp (GY) up on private placement notes
Normal 0 false false false MicrosoftInternetExplorer4 Gencorp Inc (NYSE: GY) shares inched up 0.1% to $9.99, after announcing the company plans to offer $460.0 million aggregate principal amount of Second-Priority Senior Secured Notes due 2021 in a private placement. The Company plans to use the net proceeds of the Notes offering to fund the proposed acquisition of United Technologies Corporation’s Pratt & Whitney Rocketdyne business. Share volume was 19,000, compared to an all-day average of 128,000 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;}
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