Knauf has taken over the US-American United States Gypsum Corporation (USG) and pays for USG about seven billion US dollars (about 5.9 billion euros), as the US company announced on Monday (11 April). As previously reported, Knauf had already made a first takeover bid of around $ 5.9 billion at the end of March, which was initially rejected. Since then was negotiated. It has now been agreed that Knauf will acquire all outstanding shares of the US competitor. The purchase price consists of $ 43.50 per share and a special dividend of $ 0.50 per share. As Knauf said, Knauf is looking forward to further expanding USG’s strong presence in North America. Founded in 1901, USG produces gypsum, plywood walls and dry stone walls, primarily for the markets of North and South America. Knauf was according to own data already with approximately 10.6 per cent USG shareholder.
USG produces gypsum, plywood walls and dry stone walls mainly for the markets in North and South America and claims to have a market-leading position. Photo: USG