Firm Advises on Sale C&D Technologies

October 2, 2011

Willkie client C&D Technologies, Inc., a manufacturer of electrical power storage systems, agrees to be acquired by an affiliate of Angelo, Gordon & Co.

On October 3, it was announced that Willkie client C&D Technologies, Inc., a manufacturer of electrical power storage systems, signed a definitive agreement to be acquired by an affiliate of investment firm Angelo, Gordon & Co. The deal calls for each outstanding share of C&D’s common stock not owned by Angelo, Gordon & Co. or its affiliates to be converted into the right to receive $9.75 in cash. Based in Blue Bell, PA, C&D is a leading manufacturer, marketer and distributor of electrical power storage systems for the standby power storage market. The deal was handled by partners Adam Turteltaub, William Dye and Michael Katz, and associates Theodore Neos, Zachary Lerner, Jason Ertel and John Howell.