Morningstar | USG-Knauf Merger Receives All Regulatory Approvals; Deal Expected to Close on April 24. See Updated Analyst Note from 18 Apr 2019
On April 18, USG announced that its pending merger with Knauf has received all required regulatory approvals and clearances, and the company expects the deal to close on April 24. USG shareholders will receive cash consideration of $43.50 per share in addition to the $0.50 per share cash dividend that was already paid to USG shareholders on Oct. 2, 2018.Morningstar will drop coverage of USG once the deal is closed, and shares of USG are delisted from the New York Stock Exchange.
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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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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