Knauf's Acquisition of USG Should Close in Early 2019
Knauf, a Germany-based building products company, is set to acquire USG after USG shareholders overwhelmingly approved the deal at a special shareholders meeting held on Sept. 26. In a press release, USG noted that 99% of votes cast were in favor of the deal. With the acquisition now approved, USG shareholders of record as of Aug. 21 will receive a $0.50 per share special cash dividend on Oct. 2. Additionally, USG shareholders will receive a cash consideration of $43.50 per share when the acquis...USG is a manufacturer of building materials and solutions. The company's segments are: Gypsum, which manufactures and markets gypsum and related products primary used in a variety of building applications; Performance Materials, which manufactures and markets products used in a variety of interior and exterior building applications of residential, nonresidential buildings and industrial; Ceilings, which manufactures and markets ceiling interior systems products including ceiling tile, ceiling grid, and specialty ceilings; and USG Boral Building Products, which manufactures and distributes products for wall, ceiling, floor lining and exterior systems that utilize gypsum wallboard.
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