About This Deal

Kennametal acquired Greenfield Industries, Inc., a transaction announced in November 1997.

Kennametal acquired Greenfield Industries, a maker of consumable cutting tools and drill bits, via an all-cash tender offer at $38.00 per share to expand its metalworking consumables portfolio and distribution reach.

Kennametal acquired Greenfield Industries, a maker of consumable cutting tools and drill bits, via an all-cash tender offer at $38.00 per share to expand its metalworking consumables portfolio and distribution reach.

Deal Terms

Acquirer
Kennametal
Target
Greenfield Industries, Inc.
Value
Not disclosed
Date
November 1997
Type
Full acquisition
Status
Completed

Transaction Details

Announced
November 17, 1997

In Their Words

Purchaser, had accepted for payment 16,179,976 shares of common stock ... approximately 98% of the outstanding shares of Greenfield, tendered in response to Purchaser's tender offer for all outstanding shares at a price of $38.00 per share, net to the seller in cash.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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