ShengdaTech (SDTH), a maker of nano precipitated calcium carbonate products, stumbled 10% to $8.34. The Tai'an City, China-based company announced it would be offering $100 million in convertible senior notes to institutional buyers. The interest-bearing notes will be convertible into common shares at a price to be determined at the time of the offering, Shengda said. It said it intends to use the funding partly to expand its production facility.
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