W.R. Grace's catalysts business offers polyolefin catalysts for the production of polypropylene and polyethylene resins, as well as surface modifiers for thin polymer films.
W.R. Grace Climbs on $7B Pact to Be Bought by Standard Industries
W.R. Grace, the subject of takeover speculation for several years, agreed to be acquired by Standard Industries for $70 a share.
Author:
W.R. Grace (
GRA) - Get Report was rising Monday after the specialty chemicals company said it had agreed to be acquired by Standard Industries Holdings in a transaction valued at $7 billion.
Shares of the Columbia, Md., company at last check were 6.6% higher at $68.45.
Under terms of the transaction, Standard Industries Holdings will pay $70 cash for each W.R. Grace share.
That s a premium of about 59% over Grace’s closing price of $44.05 on Nov. 6, the last trading day before 40 North’s initial proposal to acquire the company was disclosed, on Nov. 9.
Standard Industries Holdings Acquires Grace
Standard Industries Holdings Inc., the parent company of
Standard Industries, a privately held global industrial company, has entered into a definitive agreement to acquire
W. R. Grace & Co., a global specialty chemical company, in an all-cash transaction valued at approximately $7.0 billion, including Grace’s pending pharma fine chemistry acquisition.
Under the terms of the agreement, Standard Industries Holdings will acquire all of the outstanding shares of Grace common stock for $70.00 per share in cash. Standard Industries’ related investment platform
40 North Management LLC is a long-standing shareholder of Grace.
David Millstone and
David Winter, co-CEOs of Standard Industries Holdings, said, “We are thrilled to welcome Grace to the Standard Industries family and look forward to working with its exceptional team to usher in a new era of innovation and growth for Grace, its employees, customers and the communities in w
Standard Industries Holdings to acquire Grace
4/26/2021
(GLOBE NEWSWIRE) W. R. Grace & Co. and Standard Industries Holdings Inc., the parent company of Standard Industries, a privately held global industrial company, announced that they have entered into a definitive agreement under which Standard Industries Holdings will acquire Grace in an all-cash transaction valued at approximately $7 billion, including Grace’s pending pharma fine chemistry acquisition. Standard Industries’ related investment platform 40 North Management LLC (“40 North”) is a long-standing shareholder of Grace.
Under the terms of the agreement, Standard Industries Holdings will acquire all of the outstanding shares of Grace common stock for $70.00 per share in cash. The purchase price represents a premium of approximately 59% over Grace’s closing stock price of $44.05 on November 6, 2020, the last trading day prior to the announcement of 40 North’s initial proposal to acquire the Company on Novem
W R Grace receives best and final takeover bid from shareholder 40 North bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.