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.
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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.
£3.9bn Costa deal leaves a bitter taste for Coca-Cola
Coke s British-born boss James Quincey bet billions on the coffee chain that has been hit by falling sales during the pandemic
24 April 2021 • 9:41am
By his own admission, Coca-Cola boss James Quincey is a risk-taker. “If we’re not making mistakes, we’re not trying hard enough,” the London-born executive said when he took over running the soft drinks giant year four years ago.
Little more than a year later Quincey’s words had been put into action.
Over the summer of 2018, Alison Brittain, the boss of British brewer-turned-hotelier-turned-coffeemaker Whitbread, came under pressure from activist investor Elliott Advisors to sell Costa Coffee, a business the 250-year-old company had bought for just £19m in 1995.
Tate & Lyle wants to sell a controlling stake in primary products to a long-term financial partner
25 April 2021 • 7:15pm
Tate & Lyle has begun preparing the ground for a break-up of the business by auctioning a controlling stake in its primary products arm.
The former FTSE 100 company confirmed it was pursuing a split of the unit from the food and beverage solutions business following revelations in
In a statement, the business said it was exploring a separation by selling a controlling stake in the primary products operation to a new long-term financial partner . Tate & Lyle continues to successfully execute its strategy and remains confident in the future growth prospects of the company, the firm added.