USG and Knauf secure final regulatory approval for pending transaction; expect to complete merger on April 24, 2019 / by Bryce HODGSON

IPHOFEN, Germany & CHICAGO--(BUSINESS WIRE)--Apr 18, 2019--USG Corporation (NYSE: USG) and Gebr. Knauf KG (“Knauf”) today announced that all required regulatory approvals and clearances needed to close the previously announced acquisition of USG by Knauf have been received. Due to the national holidays in Germany on April 19 and April 22, it is expected that the merger will close on April 24, 2019, pending customary closing requirements.

USG stockholders at the effective time of the merger will receive $43.50 in cash, without interest and subject to tax withholding as applicable. The closing consideration is in addition to the special dividend of $0.50 per share of USG common stock that was previously paid on October 2, 2018 to holders of record as of the close of business on August 21, 2018.

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