Berkshire Shows Support for Knauf’s Vote No Campaign Against USG; Increased FVE to $44
On April 12, Berkshire Hathaway, which is USG’s largest shareholder with at 31% stake, filed an amended schedule 13D, which disclosed that a Berkshire spokesperson told a Bloomberg reporter that the firm currently intends to vote against USG’s four board of director nominees. As we noted previously, Knauf, which is interested in acquiring USG but had its prior two offers rejected by USG’s board of directors, initiated a “vote no†campaign to bring USG to the bargaining table.USG’s board sent a...
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