Union Carbide
The GAF Corporation, the New Jersey-based building materials and chemicals concern, says it is giving up its fight to acquire. Union Carbide, but will walk away from the take-over battle with a profit of SUS2OO (INZ4O2M). GAF said it would retain about 3.1 M Carbide shares, a 10 per cent stake in the company, and was tendering another 4.9 M to Carbide under an exchange offer of SUS2O cash and SUS6S in bonds per share.
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Bibliographic details
Press, 10 January 1986, Page 9
Word Count
77Union Carbide Press, 10 January 1986, Page 9
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