Reuters – Carlyle Gets More Time for Chemring Deal

Carlyle Group has been granted more time by the UK Takeover Panel to hammer out a deal to buy Chemring Group Plc, which makes defense equipment such as flares and explosive device detectors, Reuters reported. Carlyle now has until Nov. 9 to either bid for Chemring or walk away. This is the second time that Carlyle has been granted an extension after having secured an extension in September.

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