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Saint-Gobain broadcasts acquisition of GCP Utilized Applied sciences


© Reuters. The Saint-Gobain brand is seen on the corporate headquarters constructing on the La Protection enterprise district in Courbevoie, outdoors Paris, France, February 19, 2018. REUTERS/Gonzalo Fuentes

PARIS (Reuters) – French development supplies firm Saint-Gobain on Monday stated it could purchase all shares in GCP Utilized Applied sciences (NYSE:) in a deal that values the U.S.-based goal firm at round 2.3 billion {dollars}.

Saint-Gobain in an announcement referred to as the transaction a “landmark” to make it a world chief in development chemical compounds, including that the deal has been accredited by the boards of each concerned firms.

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