Carlyle Taking Second Look at Fairchild Offer

Carlyle Group said Monday that it was re-evaluating its $230-million bid to take over Fairchild Industries Inc. because of a recently announced criminal investigation of a Fairchild subsidiary.

Among the options under the review, Carlyle said, were the purchase of additional shares or the sale of all or some of the approximate 10% Fairchild stake it owns. It also said it wanted to discuss two vacancies on Fairchild’s board.

In addition, it said it was considering talks with other parties about the possible acquisition of Fairchild or some of its assets and the possibility of making another offer to buy the company.

Carlyle Investors VI LP, an arm of the Washington-based investment firm, revealed the options in a filing with the Securities and Exchange Commission. Two weeks ago, Fairchild rejected Carlyle’s bid as inadequate.

Last week, the FBI said federal officials were investigating allegations that Fairchild’s Voi-Shan aerospace products division testing facility in Chatsworth falsified test results on parts used in commercial and military aircraft.