Carlyle buy of Sequa cleared by EU |
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Published
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Fri, 19 Oct 2007 10:21
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BRUSSELS (Thomson Financial) - The European Commission said it has cleared private equity firm The Carlyle Group's proposed 2.7 bln usd acquisition of aerospace and automotive parts manufacturer Sequa Corp.The deal was examined under the EU's 'simplified' merger review procedure for cases which the commission believes do not pose competition concerns.Under the terms of the merger, Carlyle will acquire all of the outstanding shares of Sequa for 175 usd per share in cash.phil.mccomish@thomson.compam/jlw/pam/salCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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EU merger reviews at a glance outlook 