-=USG (USG) to be acquired by Gebr. Knauf KG for $44 /share

USG agrees to be acquired by Gebr. Knauf KG for $44.00/share in cash, or approximately $7 bln 
Under the terms of the agreement, USG shareholders will receive $44.00 per share, which consists of $43.50 per share in cash payable upon closing of the transaction and a $0.50 per share special dividend that would be paid following shareholder approval of the transaction. Berkshire Hathaway (BRK.A/B) has agreed to vote its shares in favor of the transaction. As of June 11, 2018, Berkshire Hathaway and its subsidiaries owns approximately 31% of the issued and outstanding shares of USG.

This week's biggest % winners & losers : March 26 - 29, 18 (wk 13)

+ 3/30  Good Friday (markets closed) +

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: SHPG (149.79 +18.51%), NSTG (7.53 +14.44%), ALDR (12.73 +12.11%), DXCM (74.29 +11.31%)
• Industrials: USG (40.42 +20.73%), TITN (23.54 +19.37%)
• Consumer Discretionary: FINL (13.55 +36.87%), RH (95.28 +22.2%), HOME (32.04 +21.09%), FRED (3.02 +20.32%), MOV (38.4 +19.07%), SHLD (2.66 +15.43%), GIII (37.77 +14.42%)
• Information Technology: TVPT (16.34 +14.19%)
• Energy: RSPP (46.88 +21.61%)
• Consumer Staples: ENR (59.58 +14.36%), SPB (103.7 +11.84%), HRG (16.49 +11.8%)

This week's top 20 % losers

• Healthcare: NVTA (4.69 -35.58%), OMER (11.18 -29.02%), GERN (4.25 -19.2%), AKBA (9.54 -18.32%), ALNY (119.48 -16.15%), BLCM (6.62 -15.45%), PTCT (27.26 -14.83%)
• Materials: GSM (10.78 -25.76%)
• Industrials: RRTS (2.54 -25.29%)
• Consumer Discretionary: SUP (13.3 -14.19%)
• Information Technology: ACXM (22.68 -26.79%), NQ (1.66 -20.95%), SHOP (124.59 -14.34%)
• Energy: CIE (0.04 -37.59%), SDRL (0.2 -21.37%), EPE (1.34 -19.76%)
• Telecommunication Services: IDT (6.27 -28.56%)

-=USG (USG) rejects buyout offer from Germany's Knauf

USG Corporation, also known as United States Gypsum Corporation, is an American company which manufactures construction materials, most notably drywall and joint compound.
Headquarters: Chicago, IL
usg.com

March 26 (Reuters) - U.S. building products maker USG Corp on Monday rejected an unsolicited buyout offer from its Germany-based second biggest shareholder, Gebr Knauf KG, saying that the offer substantially undervalued the company.

Gebr Knauf, which already owns a 10.5 percent stake in the company, has offered $42 per share for the remaining stake, a premium of 25 percent to the stock's Friday closing, valuing the company at about $6 billion.

The stock was trading at $39.90 before the bell.

"Knauf's opportunistically timed proposal is wholly inadequate," USG Non-Executive Chairman of the board Steven Leer said.

Warren Buffet's Berkshire Hathaway Inc, which has a stake of about 31 percent in USG, has offered a six-month option to sell all its shares in the company to Knauf as long as its offer for USG is for $42 per share or more. Berkshire is asking for an option purchase price of $2 per share.

The option provides a sweetener for Buffett to shed a profitable investment that originated in late 2008, at the height of the housing crisis, when Berkshire and Canada’s Fairfax Financial Holdings Ltd bought $400 million of USG’s debt.

The $2 per share cost of the option would provide Berkshire about $86.8 million upfront, based on its 43.39 million share USG stake.

Berkshire would keep that money if Knauf proved unable to buy USG.