Carlisle to Buy Hawk for $413 Million

Hawk, which makes friction products for brakes, clutches and transmissions, agreed to be acquired by Carlisle Cos. for $50 a share, or $413 million.
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CLEVELAND (

TheStreet

) --

Hawk

(HWK)

has agreed to be acquired by

Carlisle Cos.

(CSL) - Get Report

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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Joseph Woelfel

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