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Saint-Gobain announced it will acquire all outstanding shares of Continental Building Products for $37.00 per share in cash, valued at approximately $1.4 billion (€1.3 billion). The deal is expected to close on February 3, 2020, following regulatory and shareholder approval.
Saint-Gobain agreed to buy U.S. gypsum wallboard maker Continental Building Products for $1.4 billion in cash, to boost its presence in the North American construction materials market.