W. R. Grace & Co. (GRA) Comments on Unsolicited Proposal from 40 North

POTENTIAL DEAL DETAILS

Stock W. R. Grace & Co. Symbol GRA
Date Announced 11/09/2020 Source Press Release
Type Unsolicited Bid Acquiring Company/Person Standard Industries Holdings Inc.
Date of Confirmation: 04/26/2021 Price at Confirmation: $68.25
Potential Profit: 21.90% Annualized Profit: 47.57%

W. R. Grace & Co. (GRA) today confirmed that it has received a proposal from 40 North Management LLC, one of its shareholders, to acquire all outstanding common shares of the Company for $60 per share in cash, subject to certain conditions.

Update(s):

January 11, 2021: 40 North Management LLC today sent a letter to the Board of Directors of W.R. Grace & Co (GRA) increasing its offer to acquire all of the outstanding shares of common stock for $65 per share in cash.

January 15, 2021:  R. Gracej & Co. (GRA) today announced that it has sent a letter to 40 North Management LLC  in response to 40 North’s January 11, 2021 revised unsolicited proposal to acquire Grace for $65 per share in cash.

April 01, 2021:  40 North Management LLC sent a letter to the Board of Directors of W.R. Grace & Co (GRAincreasing its offer to acquire all of the outstanding shares of common stock for $70 per share in cash.

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.

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