W.R. Grace Gets $4 Billion Bid From Top Shareholder 40 North

SourceBloomberg
SectorFinancial Markets
CountryMiddle east

W.R. Grace & Co., a supplier of catalysts to refineries, has received a $4 billion takeover offer from top shareholder 40 North after its shares slumped this year.40 North, the multibillion-dollar investment firm linked to Standard Industries Inc., made an offer of $60 a share in cash to Columbia, Maryland-based W.R. Grace, according to a regulatory filing Monday. The unsolicited offer represents a 36% premium to the chemical company’s Friday close. ...read more...