|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||40.50 - 41.00|
|52 Week Range||25.60 - 41.50|
|PE Ratio (TTM)||67.80|
|Earnings Date||Apr 25, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||37.93|
Warren Buffett's Berkshire Hathaway plans to vote against four board nominees proposed by USG Corp, giving a boost to a $5.9 billion takeover bid by German's Gebr Knauf AG that the building products company had rejected.
Knauf KG ("Knauf") today announced that it has filed an investor presentation with the U.S. Securities and Exchange Commission ("SEC") in connection with its withhold campaign against USG Corporation (USG). The investor presentation details the rationale for the value of Knauf's offer, and discussed some of the risks inherent in USG's strategy. Knauf urges USG shareholders to vote AGAINST All four of USG's director nominees at the Company's Annual Meeting scheduled for May 9, 2018 as way to send a clear message to USG's Board to immediately engage in meaningful discussions with Knauf regarding its offer of $42.00 per share.
USG Corporation , an industry-leading manufacturer of building products and innovative solutions, is proud to announce a series of initiatives that further strengthen the company’s commitment to Diversity & Inclusion and celebrates the values and priorities of the business, its employees and its partners.
If Warren Buffett wants out of a company, must all other shareholders follow his lead through the exit doors? Mr Buffett’s apparent support for a deal has weakened the leverage USG has to wring the highest price from Knauf.
Berkshire, which is USG's largest shareholder with a 31 percent stake, announced its intention on Thursday, two days after Knauf called on USG shareholders to pressure that company to enter merger talks by withholding support for its director slate. Knauf owns about 10.5 percent of USG. "Berkshire's present intention is to vote against the four directors proposed by management," Buffett's assistant, Debbie Bosanek, said in an email.
USG Corporation , an industry-leading manufacturer of building products and innovative solutions, will hold a conference call and webcast to discuss first quarter 2018 results on Wednesday, Apr.
Investor Warren Buffett's company plans to vote against USG Corp.'s four board nominees in another signal that Berkshire Hathaway may support Knauf's $5.9 billion bid to buy USG. Buffett's assistant Debbie ...
Berkshire Hathaway Inc. is planning to oppose USG Corp.’s board nominees in an upcoming shareholder vote, backing a shareholder revolt after the wallboard maker spurned a takeover bid from Germany’s Knauf. ...
Berkshire Hathaway Inc. threw its weight behind a Knauf-led shareholder revolt against USG Corp.’s board, signaling Warren Buffett’s desire to exit as the largest investor in the wallboard maker.
USG Corporation today sent a letter to stockholders urging them to vote the WHITE proxy card “FOR” the election of USG’s highly qualified independent directors, in connection with the Company’s upcoming Annual Meeting of Stockholders to be held on May 9, 2018.
Warren Buffett, the billionaire investor famed for his loyalty to executives at long-term holdings, on Thursday publicly broke with the management team at US building materials maker USG , a company he ...
Warren Buffett has typically shunned hostile tactics as he’s built Berkshire Hathaway Inc. into a sprawling conglomerate. His forbearance is about to be put to the test.
USG Corporation , an industry-leading manufacturer of building products and innovative solutions, received the 2018 Lean Six Sigma Project of the Year Award from the American Quality Institute.
USG rejected a $5.9 billion bid by Knauf two weeks ago, arguing it undervalued the company. Knauf said in a statement that voting against USG's four board nominees would send a message that the company must engage in deal negotiations. It also has a "poison pill" defence available, preventing Knauf from launching a hostile bid.
Gebr Knauf KG, the German producer of building materials seeking to take over U.S. gypsum manufacturer USG Corp, called on USG shareholders on Tuesday to pressure it to engage in deal talks by withholding their support for its board nominees. USG rejected a $5.9 billion bid by Knauf two weeks ago, arguing it undervalued the company. Knauf said in a statement that voting against USG's four board nominees would send a message that the company must engage in deal negotiations.
The Chicago-based drywall maker says a takeover offer is way too low, while Buffett thinks it's just right. Neither are correct.
Notes Knauf's Mischaracterization of USG's Engagement CHICAGO , April 10, 2018 /PRNewswire/ -- USG Corporation (NYSE: USG) today issued the following statements in response to the announcement from Gebr. ...
Knauf KG ("Knauf") today issued a letter to all USG Corporation (USG) shareholders urging them to vote against all four director nominees up for election to the USG Board of Directors at the 2018 Annual Meeting of Stockholders ("Annual Meeting") scheduled for May 9, 2018. Knauf also announced that it has filed preliminary proxy materials with the U.S. Securities and Exchange Commission ("SEC") in connection with the USG Annual Meeting. Knauf has presented the USG Board of Directors with an offer to acquire USG in an all-cash transaction valued at $42.00 per share.
German building materials maker Knauf opened the door to a hostile takeover bid for USG on Tuesday after it urged its US rival’s shareholders to reject four nominees to the USG board. Knauf general partners ...
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Goods sector is rising.
USG Corporation , an industry-leading manufacturer of building products and innovative solutions, is pleased to announce its USG Sheetrock® Brand EcoSmart wallboard panels earned the 2018 Excellence in Construction Innovation Award by the Association of the Wall and Ceiling Industry .