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Westlake Chemical Corporation Discloses Proposal To Acquire Georgia Gulf For $30.00 Per Share In Cash
Westlake Chemical Corporation announced that it has submitted a proposal to Georgia Gulf Corporation to acquire all of the outstanding shares of Georgia Gulf for $30.00 per share in cash. The proposal represents a 51% premium to Georgia Gulf’s 30-day volume-weighted average share price of $19.82. Westlake’s proposal is not subject to a financing condition. Westlake expects the transaction would be accretive to earnings in the first fiscal year after the close of the transaction.
Latest Developments for Westlake Chemical Corp
- Westlake Chemical Corp Acquires CertainTeed's PVC Pipe, Fittings and Foundations Business
- Westlake Chemical Corp Increases Quarterly Dividend By Over 150%
- Westlake Chemical Corporation Withdraws Proposal To Acquire Georgia Gulf Corporation
- Westlake Chemical Corporation Increases Offer For Georgia Gulf Corporation To $35.00 Per Share
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