Web Date: May 7, 2012
Westlake Drops Its Bid For Georgia Gulf
The hostile bid began in January, when Westlake made an unsolicited $30.00-per-share offer for the company. The bid represented a 23% premium over Georgia Gulf’s share price on Jan. 12, the eve of Westlake’s offer announcement.
Georgia Gulf’s board promptly rejected the offer, calling it “an opportunistic attempt to acquire the company’s . . .
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