Salem Radio Network News Tuesday, May 24, 2022

Business

Saint-Gobain announces acquisition of GCP Applied Technologies – statement

PARIS (Reuters) – French construction materials company Saint-Gobain on Monday said it would acquire all shares in GCP Applied Technologies in a deal that values the U.S.-based target company at around 2.3 billion dollars.

Saint-Gobain in a statement called the transaction a “landmark” to make it a global leader in construction chemicals, adding that the deal has been approved by the boards of both involved companies.

(Reporting by Tassilo Hummel; Editing by Benoit Van Overstraeten)

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