Carlisle companies incorporated (nyse:csl) made a binding offer to acquire draka fileca sas for €73 million.

Carlisle companies incorporated (nyse:csl) made a binding offer to acquire business of draka fileca sas for €73 million on october 21, 2019. the transaction is subject to the consultation with fileca’s french employee representative bodies and regulatory approvals. the business had revenues of €44 million and an adjusted ebitda of approximately €5 million in 2018. the completion of the transaction is expected to occur during the first quarter of 2020.
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