Knauf Group to Acquire USG Corporation for $7 Billion

Cleary Gottlieb is acting as counsel to Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC in their roles as financial advisors to USG Corporation in its all-cash sale to Gebr. Knauf KG for $43.50 per share in cash.

In addition, the agreement allows USG to issue a special dividend of $0.50 per share upon receipt of the USG shareholder approval. The merger, announced June 11, 2018, has an enterprise value of $7 billion and is expected to close in early 2019, subject to USG shareholder approval, clearances by the relevant regulatory authorities and other customary closing conditions.

USG Corporation is an industry-leading manufacturer of building products and innovative solutions.

Gebr. Knauf KG is the ultimate parent company of the German based Knauf Group. Knauf is a leading manufacturer of building materials operating more than 220 factories worldwide.