Deals
Saint-Gobain to Buy Continental Building for $1.4 Billion
- Continental is among largest drywall providers in eastern U.S.
- Saint-Gobain offered to restore Notre-Dame’s stained glass
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France’s Cie de Saint-Gobain, one of the world’s biggest building materials companies, has agreed to buy U.S. drywall maker Continental Building Products Inc. in a deal worth $1.4 billion, including debt.
Saint-Gobain agreed to pay $37 per share in cash for Continental Building, according to a statement Tuesday, confirming a report in Bloomberg News. That represents a premium of 34.4% to Continental Building’s average share price in the 60 days ended Nov. 11, the companies said.