Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Sequa Corp. > News item |
Sequa acquired by private equity firm
By Lisa Kerner
Charlotte, N.C., Dec. 3 - The Carlyle Group, through its affiliate Blue Jay Acquisition Corp., completed its $2.7 billion acquisition of Sequa Corp.
Sequa shareholders will receive $175 per share, according to a form 8-K filing with the Securities and Exchange Commission. Carlyle acquired all outstanding class A and class B Sequa shares.
It was previously reported that Carlyle, a private equity firm, would fund the acquisition through a combination of equity contributed by affiliated investment funds along with external debt financing provided by Lehman Brothers, Citigroup and JPMorgan.
Sequa is a New York diversified manufacturing company with six operating units: aerospace, automotive, metal coating, specialty chemical, industrial machinery and other products.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.