Carlyle Sniffing Around UK Defense Contractor Chemring

Law360, New York (August 17, 2012, 7:40 PM EDT) -- The Carlyle Group LP, the Washington-based private equity firm that has diversified away from defense investments since the 9/11 terrorist attacks, is considering backing U.K.-based military contractor Chemring Group PLC, Chemring said Friday.

Chemring confirmed in a London Stock Exchange filing that it had received a "highly preliminary expression of interest" from Carlyle, but declined to elaborate or say whether it was considering it. Carlyle has one month under British securities law to make a formal offer.

The company, which makes flares, bomb detection technology and...
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