USG

On April 24, 2019, Knauf acquired USG, combining the second and third largest drywall producers globally. The deal strengthens Knauf's competitive position in the world drywall and building plaster industry.

The New Zealand Commerce Commission conditionally approved Knauf's acquisition of USG, requiring Knauf to sell USG's 50% interest in USG Boral to maintain competition.

The New Zealand Commerce Commission granted clearance for Gebr. Knauf KG to merge with USG Corporation, subject to Knauf divesting USG's interest in USG Boral Building Products to ensure competition in the modular suspended ceiling systems market.

Gebr. Knauf KG acquired all outstanding shares of USG Corporation in a transaction valued at $7 billion. USG stockholders received $44.00 per share, including a $0.50 special dividend. The combined company will be a global building materials industry leader.

The Australian Competition and Consumer Commission (ACCC) announced on March 28, 2019, it would approve Knauf's $10 billion acquisition of USG after Knauf agreed to sell USG's 50% stake in the USG Boral joint venture in Australasia to a buyer approved by the ACCC.

The Australian Competition and Consumer Commission conditionally approved Knauf's proposed acquisitions of USG Corporation and Armstrong World Industries, requiring Knauf to divest USG's interest in a joint venture with Boral.

Gebr. Knauf KG and USG Corporation have applied to the New Zealand Commerce Commission for clearance to merge. The proposed merger is also being assessed by competition authorities in Australia, USA, and Singapore.

USG Corporation shareholders voted to approve the $7 billion acquisition by Germany-based Knauf. The deal is expected to close in early 2019.

USG Corp., a drywall producer, is proposed to merge with Gebr. Knauf KG for $7 billion. A Delaware court rejected an injunction to block the shareholder vote on the merger.

Gebr. Knauf KG will acquire all outstanding shares of USG Corporation in a transaction valued at approximately $7.0 billion. USG shareholders will receive $44.00 per share ($43.50 cash plus $0.50 special dividend). The combined company will be a global building materials leader. USG's headquarters will remain in Chicago.

Gebr. Knauf KG submitted a non-binding indication of interest to acquire 100% of the outstanding shares of USG Corporation. The offer is in cash, but the price is not disclosed.

USG plans to upgrade its Jacksonville gypsum wallboard plant in Florida by adding a new production line for Securock ExoAir 430 panels, with completion expected by end of 2018 and about 20 new jobs.