Sept 20 (Reuters) - Alabama Graphite Corp:
* Alabama Graphite receives unsolicited indicative proposal for acquisition; board of directors appoints special committee
* Alabama Graphite - pursuant to terms of confidentiality agreement, interested party's separate request, co "withholding name of interested party"
* Alabama Graphite corp - interested party's indicative offer was conditional and non-binding
* Alabama graphite - it was proposed co's shareholders would get no cash, would receive, in exchange for each share, 0.10 of 1 share of interested party
* Alabama Graphite corp - if implemented, shareholders of alabama graphite would become minority shareholders of interested party Source text for Eikon: Further company coverage: