Carlyle Raises ElkCorp Offer

The Carlyle Group has raised its bid for Dallas-based roofing and building products company ElkCorp (NYSE: ELK) from $38 per share to $40.50 per share. The move comes after ElkCorp received a $40 per share offer from Building Materials Holding Corp. (NYSE: BLG). The total deal is now valued at around $1.05 billion, including the assumption of $173 million in net debt.