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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; [email protected]

Stock News for Carpenter (CRS)
01/12/201711:27:36Amended Statement of Ownership (sc 13g/a)
01/03/201715:56:20Statement of Changes in Beneficial Ownership (4)
12/20/201613:44:35Statement of Changes in Beneficial Ownership (4)
12/09/201612:40:50Amended Statement of Ownership (sc 13g/a)
10/27/201617:04:51Quarterly Report (10-q)
10/27/201614:01:01Current Report Filing (8-k)
10/27/201614:00:35Current Report Filing (8-k)
10/27/201607:30:00Carpenter Technology Reports First Quarter Fiscal 2017 Results
10/19/201608:00:00Carpenter Technology Announces Conference Call and Webcast
10/18/201606:02:11Automatic Shelf Registration Statement of Securities of Well-known...
10/18/201606:02:09Securities Registration: Employee Benefit Plan (s-8)
10/13/201619:29:58Statement of Changes in Beneficial Ownership (4)
10/13/201619:28:14Statement of Changes in Beneficial Ownership (4)
10/13/201619:27:14Statement of Changes in Beneficial Ownership (4)
10/13/201619:26:28Statement of Changes in Beneficial Ownership (4)
10/13/201619:25:27Statement of Changes in Beneficial Ownership (4)
10/13/201619:23:52Statement of Changes in Beneficial Ownership (4)
10/13/201619:22:43Statement of Changes in Beneficial Ownership (4)
10/13/201619:21:36Statement of Changes in Beneficial Ownership (4)
10/13/201619:20:37Statement of Changes in Beneficial Ownership (4)

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