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ap

Flow International nets $15 million from offering

Flow International closes public offering, netting about $15 million

  • On 2:12 pm EDT, Tuesday September 8, 2009

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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