Carlisle Companies Announces the Termination of its Acquisition of Draka Fileca
June 19 2020 - 4:05PM
Business Wire
Carlisle Companies Incorporated (NYSE:CSL) today announced the
termination of its previously announced agreement to acquire Draka
Fileca SAS from Prysmian SpA. The agreement terminated due to
regulatory approval not being received for the transaction prior to
the expiration of the parties' agreed time period to satisfy
closing conditions.
Chris Koch, Chairman and Chief Executive Officer, said "While we
were enthusiastic about completing the transaction, unfortunately,
the COVID-19 pandemic contributed to the delay in timely receiving
the necessary regulatory approval. While disappointed, we remain
focused on being the supplier of choice to our North American and
European aerospace customers, and committed to expanding our
industry leading product offerings and capabilities. Carlisle
Interconnect Technologies (CIT) is a global leader of aerospace
electrical wire and fiber optic cable technology and will continue
to pursue strategic and synergistic M&A opportunities for our
aerospace platform in accordance with Vision 2025."
About Carlisle Companies
Incorporated
Carlisle Companies Incorporated is a diversified, global
portfolio of niche brands and businesses that manufactures highly
engineered products and solutions for its customers. Driven by our
strategic plan, Vision 2025, Carlisle is committed to generating
superior shareholder returns by combining an entrepreneurial
management style under a center-led framework with a balanced
approach to capital deployment, all with a culture of responsible
stewardship and continuous improvement as embodied in the Carlisle
Operating System. Carlisle’s markets include: commercial roofing,
specialty polyurethane, architectural metal, aerospace, medical
technologies, defense, transportation, industrial, protective
coating, auto refinishing, agriculture, and construction.
Carlisle’s worldwide team of employees generated $4.8 billion in
revenues in 2019. Learn more about Carlisle at
www.carlisle.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200619005451/en/
Jim Giannakouros, CFA Vice President of Investor Relations and
FP&A Carlisle Companies Incorporated (480) 781-5135
jgiannakouros@carlisle.com
Carlisle Companies (NYSE:CSL)
Historical Stock Chart
From Aug 2024 to Sep 2024
Carlisle Companies (NYSE:CSL)
Historical Stock Chart
From Sep 2023 to Sep 2024