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Jun. 20, 2011, 10:18 AMCarpenter 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." | Jun. 20, 2011, 10:18 AM | Comment!
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Carpenter Technology Corp is engaged in the manufacturing, fabrication and distribution of specialty metals. The Company operates in two business segments: Specialty Alloys Operations and Performance Engineered Products.
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