ElkCorp (ELK) Issues Statement Regarding Acquisition Offer From BMCA
More News related to ELK
- Cascade (CAE) To Replace ElkCorp (ELK) in S&P SmallCap 600
- ElkCorp (ELK) Said BMCA $43.50 Offer is Superior, Terminates Merger Agreement with Carlyle
- ElkCorp (ELK) Issues Statement Regarding Acquisition Offer From BMCA
- Building Materials Corp Boosts ElkCorp (ELK) Bid To $43.50/Share - DJ
- The Carlyle Group Increases Tender Offer with ElkCorp (ELK)
More News related to Mergers and Acquisitions
- After-Hours Movers 11/09: MBI, SGK, PCLN, SQNM Higher; SDTH, UTK, TOPS, CPST, BTN, FLR Lower
- Trading Radar for 11/10: Tyco Int. (TYC), ArvinMeritor (ARM), Clearwire (CLWR), American Apparel (APP) Report
- Unusual 11 Mid-Day Movers 11/09: EONC, EWBC, REV, PRST Higher; GTN, CHNG, SRZ, CHDX Lower
- Notable Analyst Rating Changes: RSH, ANF, NOC, ADBE, HERO Upgraded; RIMM, RHT, GPS, AZN, SGY Downgraded
- Morning Movers 11/09: EWBC, CVM, REV, CGEN, RSH Higher; CHDX, SRZ, GTN, RPRX, VSR Lower
ElkCorp (NYSE: ELK) confirmed that it has received notice that the affiliate of Building Materials Corporation of America (BMCA) that had previously commenced a cash tender offer to purchase all of ElkCorp's outstanding shares for $42.00 per share has increased its tender offer price to $43.50 per share.
The Special Committee and the Board of Directors of ElkCorp, consistent with their fiduciary duties and the Company's obligations under its existing merger agreement with The Carlyle Group (Carlyle), will review the BMCA tender offer and make a recommendation to ElkCorp's shareholders. The Board urges its shareholders not to take any action with respect to the BMCA offer until the Board makes its recommendation.
Related Categories
Mergers and AcquisitionsStocks Mentioned
-0.02Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
