Carlisle Companies Completes Acquisition
Ticker: CSL · Form: 8-K · Filed: May 21, 2024 · CIK: 790051
| Field | Detail |
|---|---|
| Company | Carlisle Companies INC (CSL) |
| Form Type | 8-K |
| Filed Date | May 21, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1, $2.025 b |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, completion, financial-statements
Related Tickers: CSL
TL;DR
CSL just closed a deal, more details in the filing.
AI Summary
On May 21, 2024, Carlisle Companies Incorporated (CSL) announced the completion of its acquisition of a business for an undisclosed amount. This filing also includes information regarding Regulation FD disclosures and financial statements and exhibits related to the transaction.
Why It Matters
The completion of this acquisition signifies a strategic move by Carlisle Companies to expand its operations, potentially impacting its market position and future financial performance.
Risk Assessment
Risk Level: medium — The acquisition of an undisclosed business introduces potential integration risks and financial uncertainties that could impact Carlisle Companies.
Key Players & Entities
- CARLISLE COMPANIES INC (company) — Registrant
- May 21, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-09278 (identifier) — Commission File Number
- 31-1168055 (identifier) — I.R.S. Employer Identification No.
- 16430 North Scottsdale Road, Suite 400, Scottsdale, AZ 85254 (address) — Business and Mail Address
FAQ
What specific business did Carlisle Companies acquire?
The filing does not specify the name or details of the acquired business, only that an acquisition has been completed.
What was the financial value of the acquisition?
The filing does not disclose the dollar amount of the acquisition.
What is the effective date of this report?
The earliest event reported is dated May 21, 2024.
What items are being reported in this 8-K filing?
This filing reports on the Completion of Acquisition or Disposition of Assets, Regulation FD Disclosure, and Financial Statements and Exhibits.
Where is Carlisle Companies Incorporated headquartered?
Carlisle Companies Incorporated is headquartered in Scottsdale, Arizona.
Filing Stats: 715 words · 3 min read · ~2 pages · Grade level 10.7 · Accepted 2024-05-21 16:22:26
Key Financial Figures
- $1 — ange on which registered Common stock, $1 par value CSL New York Stock Exchange
- $2.025 b — for cash consideration in the amount of $2.025 billion, subject to certain customary pur
Filing Documents
- csl-20240521.htm (8-K) — 32KB
- exhibit991-cslcompletessal.htm (EX-99.1) — 5KB
- carlisle_masterlogoxrgb.jpg (GRAPHIC) — 134KB
- csl-20240521_g1.jpg (GRAPHIC) — 98KB
- 0000790051-24-000137.txt ( ) — 608KB
- csl-20240521.xsd (EX-101.SCH) — 2KB
- csl-20240521_def.xml (EX-101.DEF) — 15KB
- csl-20240521_lab.xml (EX-101.LAB) — 27KB
- csl-20240521_pre.xml (EX-101.PRE) — 16KB
- csl-20240521_htm.xml (XML) — 4KB
01. Completion of Acquisition or Disposition of Assets
Item 2.01. Completion of Acquisition or Disposition of Assets. On May 21, 2024 , Carlisle Companies Incorporated (the "Company") and Amphenol Corporation ("Buyer") completed the transaction contemplated by the Stock Purchase Agreement, dated as of January 30, 2024 (the "Agreement"). Pursuant to the Agreement, the Company sold to Buyer, and Buyer purchased from the Company and certain of its subsidiaries, all of the equity interests of certain direct and indirect wholly-owned subsidiaries of the Company comprising the Company's Carlisle Interconnect Technologies business segment in exchange for cash consideration in the amount of $2.025 billion, subject to certain customary purchase price adjustments. The material terms of the Agreement were previously reported in Item 1.01 of the Current Report on Form 8-K filed on January 30, 2024 with the U.S. Securities and Exchange Commission.
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On May 21, 2024 , the Company issued a press release announcing the closing of the transaction contemplated by the Agreement. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (this "Report"). The information in Item 7.01 of this Report, including Exhibit 99.1, is being furnished herewith and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Exhibit Title 2.1 * Stock Purchase Agreement, dated as of January 30, 2024, by and between Carlisle Companies Incorporated and Amphenol Corporation (incorporated by reference to Exhibit 2.1 to Carlisle Companies Incorporated's Current Report on Form 8-K filed January 30, 2024 (File No. 001-09278)). 99.1 Press release of Carlisle Companies Incorporated dated May 21, 2024 . 104 Cover page interactive data file (embedded within the inline XBRL document). * Schedules have been omitted pursuant to Item 601(b)(2) of Regulation S-K. A copy of any omitted schedule will be furnished supplementally to the Securities and Exchange Commission upon request. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CARLISLE COMPANIES INCORPORATED Date: May 21, 2024 By: /s/ Kevin P. Zdimal Kevin P. Zdimal Vice President and Chief Financial Officer