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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;

Stock News for Carpenter (CRS)
02/05/201613:34:35Current Report Filing (8-k)
02/05/201613:34:00Current Report Filing (8-k)
02/04/201607:00:00Carpenter Technology Reports Second Quarter Results
02/01/201617:41:26Statement of Changes in Beneficial Ownership (4)
01/28/201617:01:32Statement of Changes in Beneficial Ownership (4)
01/28/201616:57:15Statement of Changes in Beneficial Ownership (4)
01/28/201616:56:20Statement of Changes in Beneficial Ownership (4)
01/28/201616:54:12Statement of Changes in Beneficial Ownership (4)
01/27/201609:00:00Carpenter Declares Quarterly Cash Dividend
01/26/201608:20:59Amended Statement of Ownership (sc 13g/a)
01/11/201608:30:00Carpenter Technology Announces Conference Call and Webcast
01/05/201612:54:01Statement of Changes in Beneficial Ownership (4)
11/10/201511:38:04Amended Statement of Ownership (sc 13g/a)
11/04/201515:32:15Statement of Changes in Beneficial Ownership (4)
10/30/201515:06:41Quarterly Report (10-q)
10/23/201511:40:12Current Report Filing (8-k)
10/23/201511:39:15Current Report Filing (8-k)
10/22/201507:30:00Carpenter Technology Reports First Quarter Results
10/21/201512:18:38Statement of Changes in Beneficial Ownership (4)
10/21/201512:17:12Initial Statement of Beneficial Ownership (3)

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