Noble postpones secondary stock offering


WARREN, Mich., Sept 25 (Reuters) - Automotive parts supplier Noble International Inc. said on Wednesday it has postponed its plan for a secondary offering of 3.5 million shares of common stock, citing unfavorable market conditions. "The Dow and Nasdaq hit lows which we have not seen in over four years, which directly impact the company's market price," said Chairman and Chief Executive Robert Skandalaris. "The company will move forward into next year and complete its operational plans as ...

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