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USG takes $7 billion offer from Knauf after spurned advances

June 11, 2018 admin Comments Off on USG takes $7 billion offer from Knauf after spurned advances

Sheetrock maker USG Corp accepted a $7 billion cash offer from German construction products maker Gebr Knauf KG on Monday after three months of back-and-forth negotiations that began when longtime USG shareholder Warren Buffett teamed up with the German bidder to sell his stake. Buffett’s Berkshire Hathaway Inc had a 31 percent stake in USG and has said previously it would offload its stake. USG opened the door to private talks after weeks of public resistance in early May ahead of its annual shareholder meeting, when proxy advisory firms …read more […]

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Supreme Court allows Ohio, other state voter purges

June 11, 2018 admin Comments Off on Supreme Court allows Ohio, other state voter purges

The Supreme Court ruled Monday that states can clean up their voting rolls by targeting people who haven’t cast ballots in a while. The justices rejected, by a 5-4 vote Monday, arguments in a case from Ohio that the practice violates a federal law intended to increase the ranks of registered voters. A handful of other states also use voters’ inactivity to trigger a process that could lead to their removal from the voting rolls. …read more […]

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KKR to take Envision private for $5.57 billion in healthcare push

June 11, 2018 admin Comments Off on KKR to take Envision private for $5.57 billion in healthcare push

The private equity firm saw off competition from peers Carlyle Group (CG.O), TPG Global and others as it sealed the deal for $46 per share – a premium of 5.4 percent to Envision’s last close on Friday. KKR already owns Envision’s AMR, the largest U.S. provider of ambulance services, which it bought for $2.4 billion last year and merged with its helicopter ambulance service. The firm also took WebMD Health Corp (WBMD.O) private for about $2.8 billion. …read more […]