KM Financial Solutions | USG takes $7 billion offer from Knauf after spurned advances
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USG takes $7 billion offer from Knauf after spurned advances

USG takes $7 billion offer from Knauf after spurned advances

June 11 (Reuters) – Sheetrock maker USG Corp
accepted a $7 billion cash offer from German construction
products maker Gebr Knauf KG on Monday after three months of
back-and-forth negotiations that began when longtime USG
shareholder Warren Buffett teamed up with the German bidder to
sell his stake.

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