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Fly News Breaks for March 26, 2018
USG
Mar 26, 2018 | 10:23 EDT
Jefferies analyst Philip Ng said he believes a deal between USG and 10% shareholder Knauf ultimately will get done at a higher price than the $42 per share bid that USG just rejected. This will hinge on its shareholders pressuring the board to sell, though he thinks a hostile takeover seems unlikely and that it is unlikely a strategic player or private equity bidder offers a better price. Ng has a Hold rating on USG shares.
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