The Carlyle Group has announced the acquisition of Sequa Corp., a manufacturer with seven discrete operating units, in a transaction valued at $2.7 billion. Under the terms of the agreement, Carlyle will acquire all of the outstanding Class A and Class B shares of Sequa for $175.00 per share in cash. Evercore Group is acting as financial advisor to Sequa, and Lehman Brothers, Citigroup and JPMorgan are acting as financial advisors to Carlyle.
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