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.

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