Pepper Hamilton Reps Carpenter In $558M Latrobe Buy

Law360, New York (June 20, 2011, 6:10 PM EDT) -- Alloy materials maker Carpenter Technology Corp. announced Monday it had struck a $558 million cash-and-stock deal to buy Latrobe Specialty Metals Inc., aiming to amp up its presence in the aerospace and energy markets.

Under the terms of the deal, Wyomissing, Pa.-based Carpenter will hand over 8.1 million shares in its own stock — currently worth about about $388 million — to the owners of Latrobe, including private investment firms Hicks Equity Partners and the Watermill Group. The buyer said it will also pay $170 million...
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