- Compagnie de Saint-Gobain (COD) has announced that it has entered into a definitive agreement with Continental Building Products.
- As per the deal entered by the two companies, the company will obtain all of the outstanding shares of Continental Building Products in cash, for a value of $37.00 per share.
- The transaction valued at around $1.4 billion or nearly €1.3 billion, has widened the company’s asset portfolio and will boost its ability to give a wider customer base with innovative solutions.
- The deal will also create an opening for around US$50 million in cost synergies and execution enhancements.
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