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Carpenter Tech: FTC Requests More Info About Latrobe Takeover

DOW JONES NEWSWIRES Carpenter Technology Corp. (CRS) said the Federal Trade Commission has requested more details about the proposed takeover of Labtrobe Specialty Metals Inc. In June, the maker of metals and engineered products agreed to acquire Labtrobe from a group of investors for $388 million. At the time, Carpenter said the deal was set to close by the end of September. On Monday, Carpenter said the FTC has asked for more information about the deal as part of its regulatory review of the merger. The request extends an antitrust waiting period on the deal until 30 days after a response. The company said it and Latrobe plan to respond quickly to the request and to continue cooperating with the agency to secure antitrust clearance as soon as possible. Shares closed Monday down 9.8% at $43.97 in the midst of a broad market downturn and weren't active after hours. The stock has risen 9.3% so far this year, better than the wider market. -By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@dowjones.com

Stock News for Carpenter (CRS)
DateTimeHeadline
05/07/201517:05:50Quarterly Report (10-q)
05/01/201513:42:51Current Report Filing (8-k)
05/01/201513:41:53Current Report Filing (8-k)
04/30/201517:28:04Statement of Changes in Beneficial Ownership (4)
04/30/201507:30:00Carpenter Technology Reports Third Quarter Results
04/29/201507:54:00Carpenter Declares Quarterly Cash Dividend
04/10/201511:55:04Carpenter Technology Announces Conference Call and Webcast
04/06/201509:28:16Current Report Filing (8-k)
03/31/201516:30:00Carpenter Technology Announces Restructuring Plan And Provides...
03/02/201510:16:17Current Report Filing (8-k)
02/13/201510:07:48Amended Statement of Ownership (sc 13g/a)
02/12/201512:59:41Amended Statement of Ownership (sc 13g/a)
02/10/201514:25:50Amended Statement of Ownership (sc 13g/a)
02/09/201517:06:25Statement of Changes in Beneficial Ownership (4)
02/09/201517:04:59Statement of Changes in Beneficial Ownership (4)
02/09/201516:04:56Quarterly Report (10-q)
02/09/201506:01:33Amended Statement of Ownership (sc 13g/a)
02/04/201512:23:58Amended Statement of Ownership (sc 13g/a)
01/29/201511:01:33Current Report Filing (8-k)
01/29/201511:00:42Current Report Filing (8-k)

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