$EAF It doesn't make sense that this move is a precursor to take GrafTech private again. Why unload shares and reduce ownership from 73% to 64%? You'd have to buy the shares back to go private. And what is the incentive to go private? BAM bought GrafTech cheap in 2015 ($5.05 per share) and GrafTech was declining rapidly. BAM has turned GrafTech profitable and made good money in less than 5 years.