March 26, 2018 / 12:11 PM / 3 months ago

German building materials firm Knauf offers to buy USG

March 26 (Reuters) - Germany-based Gebr Knauf KG has offered to buy the building materials supplier USG Corp in a deal valued at about $6 billion.

Knauf has offered $42 per share, a 25.3 percent premium to USG’s Friday close.

Berkshire Hathaway Inc, the biggest shareholder in USG, said it may sell its shares if a deal happens.

USG’s shares were up 20.6 percent at $40.40 in premarket trading on Monday. (Reporting by Arunima Banerjee in Bengaluru; Editing by Anil D’Silva)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below