Grace rejects takeover bid by largest shareholder

Grace rejects takeover bid by largest shareholder
WESPECH PTE LTD
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10.11.2020

MOSCOW (MRC) -- WR Grace has rejected a USD4-billion takeover bid from private investment fund 40 North Management (New York), its largest shareholder. 40 North made a USD60/share cash offer on 9 November, a 35% premium to Grace's closing share price on 6 November, said Chemweek.Grace shares jumped 27% on the news, closing at USD55.99/share on 9 November. 40 North owns a 14.9% stake in Gr

Full article at mrcplast.com

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