The Carlyle Group Increases Tender Offer with ElkCorp (ELK)
ElkCorp (NYSE: ELK) announced that The Carlyle Group has agreed to increase its tender offer to acquire all of the outstanding shares of ElkCorp common stock to $42.00 per share in cash, up from the previous offer of $40.50 per share, which was announced on January 16, 2007. ElkCorp and Carlyle amended their previously announced merger agreement to reflect this increased price.
Carlyle's tender offer, which commenced on January 18, 2007, will expire at midnight on February 14, 2007, unless extended in accordance with the terms of the merger agreement and the applicable rules and regulations of the Securities and Exchange Commission (SEC).
Carlyle's tender offer, which commenced on January 18, 2007, will expire at midnight on February 14, 2007, unless extended in accordance with the terms of the merger agreement and the applicable rules and regulations of the Securities and Exchange Commission (SEC).
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