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Fly News Breaks for June 12, 2018
USG
Jun 12, 2018 | 07:25 EDT
Barclays analyst Matthew Bouley downgraded USG to Equal Weight and raised his price target for the shares to $44 from $41 on news that the company has agreed to a takeover with Knauf. The lengthy and public deal process underscores the low likelihood of a subsequent competing bid, Bouley tells investors in a research note. The analyst does not see a "meaningful U.S. anti-trust regulatory hurdle that could derail the deal."
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