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USG Corp (USG.N)

USG.N on New York Stock Exchange

43.22USD
16 Aug 2018
Change (% chg)

$0.10 (+0.23%)
Prev Close
$43.12
Open
$43.10
Day's High
$43.22
Day's Low
$43.07
Volume
259,581
Avg. Vol
350,922
52-wk High
$43.47
52-wk Low
$25.60

Latest Key Developments (Source: Significant Developments)

Knauf Enters Confidentiality Agreement With USG
Monday, 7 May 2018 

May 7 (Reuters) - KNAUF ::KNAUF - ON MAY 4, GEBR. KNAUF KG, USG ENTERED CONFIDENTIALITY AGREEMENT PURSUANT TO WHICH USG AGREED TO GIVE CERTAIN NON-PUBLIC INFORMATION TO KNAUF.KNAUF SAYS USG CONFIDENTIALITY AGREEMENT HAS TERM OF 2 YRS, HAS SOME STANDSTILL PROVISIONS APPLYING TO KNAUF.KNAUF SAYS USG STANDSTILL PROVISIONS TERMINATE ON AUGUST 31, 2018 - SEC FILING.KNAUF - STANDSTILL PROVISIONS PROHIBIT KNAUF FROM ACQUIRING VOTING SECURITIES OF USG IN EXCESS OF AMOUNT CURRENTLY BENEFICIALLY OWNED BY KNAUF.KNAUF SAYS WITHOUT KNAUF’S PRIOR WRITTEN APPROVAL, USG WILL NOT ADJOURN/ POSTPONE ANNUAL MEETING/ENCOURAGE STOCKHOLDERS TO NOT ATTEND MEETING.  Full Article

Buffett discusses Berkshire cash stake, Elon Musk, Amazon, US-China trade
Monday, 7 May 2018 

May 7 (Reuters) - Buffett says does not believe u.s. Will have a trade war of significance with china:.  Full Article

Gebr. Knauf KG Says Delivered Letter To Board Of USG Corp
Tuesday, 17 Apr 2018 

April 16 (Reuters) - USG Corp ::GEBR. KNAUF KG SAYS ON APRIL 16, DELIVERED LETTER TO BOARD OF USG CORP - SEC FILING.GEBR. KNAUF KG SAYS, IN LETTER, "BELIEVE USG’S ACTIONS CLEARLY VIOLATE OUR RIGHTS AS A STOCKHOLDER UNDER DELAWARE LAW".GEBR. KNAUF KG SAYS, IN LETTER, "WOULD HAVE HOPED TO HAVE A CONSTRUCTIVE DISCUSSION DIRECTLY WITH USG, AND WE STILL DO".GEBR. KNAUF KG SAYS IN LETTER CONTINUES TO DENY OR DELAY RESPONSE TO REQUEST, WILL UNFORTUNATELY HAVE NO CHOICE BUT TO COMMENCE ACTION IN COURTS.  Full Article

Buffett To Oppose USG Board After $5.9 Bln Knauf Bid Spurned - Bloomberg
Thursday, 12 Apr 2018 

April 12 (Reuters) - :BUFFETT TO OPPOSE USG BOARD AFTER $5.9 BILLION KNAUF BID SPURNED - BLOOMBERG.  Full Article

Berkshire intends to oppose USG director nominees
Thursday, 12 Apr 2018 

April 12 (Reuters) - Berkshire, which owns about 31 pct of usg, issued statement after usg rejected takeover bid by germany's knauf:.  Full Article

Warren Buffett Says Knauf Entities Furnished Copy Of Letter From Gebr. Knauf Verwaltungsgesellschaft KG To USG Dated March 15 - SEC Filing
Monday, 26 Mar 2018 

March 26 (Reuters) - Berkshire Hathaway Inc ::WARREN BUFFETT SAYS KNAUF ENTITIES FURNISHED COPY OF LETTER FROM GEBR. KNAUF VERWALTUNGSGESELLSCHAFT KG TO USG DATED MARCH 15 - SEC FILING.WARREN BUFFETT - GEBR. KNAUF SUBMITTED INDICATIVE & NON-BINDING PROPOSAL FOR ACQUISITION OF 100 PERCENT OF USG'S OUTSTANDING SHARES AT $42/SHARE.WARREN BUFFETT - BERKSHIRE PROPOSED TO GRANT TO KNAUF ENTITIES OPTION TO BUY ALL OF THE BERKSHIRE ENTITIES’ SHARES OF USG.WARREN BUFFETT - OPTION EXERCISABLE ONLY IN CONNECTION WITH CONSUMMATION OF PURCHASE BY KNAUF ENTITIES OF USG STOCK THAT IT DID NOT ALREADY OWN.WARREN BUFFETT - OPTION EXERCISABLE ONLY IN CONNECTION WITH CONSUMMATION OF PURCHASE BY KNAUF ENTITIES OF USG STOCK AT PRICE OF NOT LESS THAN $42/SHARE.WARREN BUFFETT - KNAUF ENTITIES HAVE NOT RESPONDED TO BERKSHIRE'S PROPOSAL; DO NOT KNOW IF KNAUF ENTITIES WILL PURSUE FURTHER DISCUSSION.WARREN E. BUFFETT - BERKSHIRE HAS NOT AGREED TO SUPPORT ANY PLAN OR PROPOSAL BY THE KNAUF ENTITIES WITH RESPECT TO THE COMMON STOCK OF USG CORP ‍​.  Full Article

USG Corp to expand ceilings portfolio with acquisition of Ceilings Plus
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Usg Corp :USG Corporation to expand ceilings portfolio with acquisition of Ceilings Plus.USG Corp - ‍upon closing, USG will pay approximately $52 million in cash, on a cash-free and debt-free basis​.USG Corp - ‍has entered into a definitive agreement to acquire Ceilings Plus​.USG Corp - ‍Ceilings Plus is expected to generate 2017 sales in excess of $45 million​.  Full Article

USG corporation reports Q3 earnings per share $0.46
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Usg Corp :USG corporation reports third quarter 2017 results.Q3 adjusted earnings per share $0.47.Q3 earnings per share $0.46.Q3 sales $795 million versus I/B/E/S view $793.2 million.Q3 earnings per share view $0.47 -- Thomson Reuters I/B/E/S.  Full Article

USG Q3 adjusted earnings per share $0.46
Tuesday, 25 Oct 2016 

USG Corp : Usg corporation reports third quarter 2016 results . Q3 sales $767 million versus i/b/e/s view $786.6 million . Usg corporation reports third quarter 2016 results . Q3 earnings per share $0.42 . Q3 adjusted earnings per share $0.46 . Usg corp qtrly us gypsum operating profit margin improvement to 17.8% from 16.8% . Usg corp qtrly us ceilings operating profit margin improvement to 24.6% from 17.6% .Usg corp qtrly usg boral operating profit margin improvement to 14.9% from 12.0%.  Full Article

USG Corporation announces leadership transition
Friday, 23 Sep 2016 

USG Corporation [USG.N] : USG Corporation announces leadership transition . Jennifer F. Scanlon to succeed Metcalf as president and chief executive officer . Steven F. Leer to transition to non-executive chairman of board . USG Corporation announces leadership transition . James S. Metcalf to retire as chairman, president and chief executive officer, effective october 31, 2016 .James S. Metcalf will retire as chairman of board, president and chief executive officer (ceo), effective oct. 31, 2016.  Full Article

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USG takes $7 billion offer from Knauf after spurned advances

Sheetrock maker USG Corp accepted a $7 billion cash offer from German construction products maker Gebr Knauf KG on Monday after three months of back-and-forth negotiations that began when longtime USG shareholder Warren Buffett teamed up with the German bidder to sell his stake.