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SMALL BUSINESS
Flow International nets $15 million from offering
AP ONLINE
posted: 80 DAYS 7 HOURS AGO
KENT, Wash. (AP) — Flow International, a manufacturer of water jet machines for cutting and cleaning applications, said Tuesday it has closed a public offering of shares netting about $15 million to repay debt and finance general corporate purposes.
The Kent, Wash., company said it sold 7.8 million of its common shares at $2.10 per share.
Its shares slipped 2 cents to $2.44 per share in afternoon trading.
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