• USG takes $7 billion offer from Knauf after spurned advances

    2 monthes ago - By Reuters

    Sheetrock maker USG Corp accepted a $7 billion cash offer from German construction products maker Gebr Knauf KG on Monday after three months of back-and-forth negotiations that began when longtime USG shareholder Warren Buffett teamed up with the German bidder to sell his stake.
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  • Knauf buying building products maker USG in about $7B deal

    2 monthes ago - By Chron

    CHICAGO - German building materials maker Knauf is buying American building products maker USG in an approximately $7 billion deal.
    Gebr. Knauf KG will pay $44 per USG share. That includes $43.50 per share in cash payable once the transaction closes and a special dividend of 50 cents per share that would be paid after shareholders approve the deal.
    Berkshire Hathaway and its subsidiaries, which own about 31 percent of USG's outstanding stock, have agreed to vote in favor of the transaction.
    USG will keep its headquarters in Chicago.
    The deal is expected to close early next year.
    Shares of...
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  • Knauf buying building products maker USG in about $7B deal

    2 monthes ago - By Stl Today

    CHICAGO - German building materials maker Knauf is buying American building products maker USG in an approximately $7 billion deal.
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