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Investment
GCP Applied Technologies defends against would-be acquirer
by Marc S. Reisch
March 22, 2019
| A version of this story appeared in
Volume 97, Issue 12
GCP Applied Technologies, the former W. R. Grace construction chemical business, has adopted a shareholder rights plan to defend itself against 40 North Management. The private equity firm recently bought a nearly 25% stake in GCP. Adopting the plan protects shareholders against acquirers who would gain control of GCP without paying a premium, the firm says. GCP started a strategic review, which includes possibly selling itself, in February.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2025 American Chemical Society
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