 Shares of GrafTech International NYSE: EAF fell more than 10 at the open on Thursday after the company said its majority shareholder was distributing part of its holdings. In a statement late Wednesday, GrafTech, a manufacturer of graphite electrodes used in steel production, said that a consortium led by Brookfield Business Partners NYSE: BBU has distributed a portion of its shares. The move increases the public float -- the number of shares available for trade -- by 26.8 million, meaning the companys float is now about 35 of shares outstanding from 25. 