has agreed to be acquired by
for $50 a share, or $413 million.
Shares of Hawk, which makes friction products for brakes, clutches and transmissions, closed Thursday at $49.01.
Hawk said on July 1 it was exploring strategic alternatives, including a sale of the company. Hawk shares closed at $25.45 on June 30, the day before its announcement.
Carlisle is a diversified manufacturer.
-- Written by Joseph Woelfel
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