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According to Bloomberg, USG Corporation (USG) approached by Knauf

  • May 2, 2018

POTENTIAL DEAL DETAILS

StockUSG CorporationSymbolUSG
Date Announced05/01/2018Source Bloomberg
TypeCompany Seeking Strategic Alternatives
Date of Confirmation: 06/11/2018Price at Confirmation: $42.05
Potential Profit: 2.46%Annualized Profit: 21.91%

USG Corp. (USG) will enter talks with Germany’s Knauf about a potential takeover in a victory for billionaire Warren Buffett.

Update(s):

June 11, 2018: Gebr. Knauf KG and USG Corporation (USG) today announced that they have entered into a definitive agreement pursuant to which Knauf will acquire all of the outstanding shares of USG in a transaction valued at approximately $7.0 billion.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.