EX-99.(A)(1)(W) 2 d43487exv99wxayx1yxwy.htm PRESS RELEASE exv99wxayx1yxwy
 

Exhibit (a)(1)(W)
February 9, 2007
CARLYLE ANNOUNCES WITHDRAWAL OF ELKCORP TENDER OFFER
     New York, N.Y.—Global private equity firm The Carlyle Group today announced that CGEA Holdings, Inc. (“Parent”), a wholly owned subsidiary of Carlyle Partners IV, L.P. and its wholly owned subsidiary CGEA Investor, Inc. (“Purchaser”), have withdrawn their tender offer of $42.00 per share in cash for all shares of common stock of ElkCorp (NYSE: ELK) following the termination by ElkCorp of its merger agreement with the Carlyle affiliates and payment of a termination fee of $29.0 million in order to enter into a merger agreement with affiliates of Building Materials Corporation of America, which has announced an offer of $43.50 per share.
     No shares of ElkCorp were purchased pursuant to the offer by the Carlyle affiliates, and all tendered shares will be returned promptly.
For further information:
The Carlyle Group
Chris Ullman
(202) 729-5399
ElkCorp
Stephanie Elwood
(972) 851-0472
or
MacKenzie Partners Inc.
Dan Burch or Bob Marese
(212) 929 5405
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About ElkCorp
     ElkCorp, through its subsidiaries, manufactures Elk brand roofing and building products (90% of consolidated revenue) and provides technologically advanced products and services to other industries. Its common stock is listed on the New York Stock Exchange (NYSE:ELK). www.elkcorp.com


 

About The Carlyle Group
     The Carlyle Group is a global private equity firm with $46.9 billion under management. Carlyle invests in buyouts, venture & growth capital, real estate and leveraged finance in Asia, Europe and North America, focusing on aerospace & defense, automotive & transportation, consumer & retail, energy & power, healthcare, industrial, technology & business services and telecommunications & media. Since 1987, the firm has invested $24 billion of equity in 576 transactions for a total purchase price of $101.8 billion. The Carlyle Group employs more than 740 people in 16 countries. In the aggregate, Carlyle’s portfolio companies have more than $68 billion in revenue and employ more than 200,000 people around the world. www.carlyle.com