Carpenter Technology (CRS +7.89%) agrees to buy Latrobe Specialty Metals for $388M. Latrobe had...

|About: Carpenter Technology Corp (CRS)|By:, SA News Editor

Carpenter Technology (CRS +7.89%) agrees to buy Latrobe Specialty Metals for $388M. Latrobe had initially filed plans for a $175M IPO in May, but cancelled after being approached by Carpenter, saying the deal will provide "superior benefits for all of our stakeholders."