Carlisle Companies and Titan International Announce Expiration of Letter of Intent.SYRACUSE, N.Y.--(BUSINESS WIRE)--September 20, 1999-- Carlisle Companies Incorporated (NYSE NYSE See: New York Stock Exchange :CSL (Computerese as a Second Language) Said of people who love to speak high-tech words even though they often use them erroneously. See TLA. 1. CSL - Computer Structure Language. A computer hardware description language, written in BCPL. ) and Titan International, Inc. (NYSE:TWI Twi n. A variety of the Akan language spoken in Ghana. ) have agreed not to extend the Letter of Intent providing for the merger of Titan into Carlisle. The Letter of Intent expired on September 18, 1999. The initial announcement of the Letter of Intent was made on August 4, 1999. Stephen P. Munn Carlisle's Chairman and Chief Executive Officer stated; "Carlisle and Titan were unable to complete the actions necessary to reach a definitive merger agreement within the 45 day time period provided for in the Letter of Intent. I anticipate that there will be continued discussions." Carlisle is a diversified diversified (di·verˑ·s manufacturer of products serving construction materials, industrial components, automotive components and general industry markets. Titan manufactures wheels and tires for construction, agriculture and industrial markets. |
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