News For GGC From The Last 14 Days Check below for free stories on GGC the last two weeks.
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February 13, 2012
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| 10:14 EDT |  | GGC |
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February 1, 2012
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| 11:13 EDT | | GGC |
| | 08:04 EDT |  | GGC |
| theflyonthewall.com: | Westlake Chemical increases offer for Georgia Gulf to $35 per share | | Westlake Chemical Corporation (WLK) announced that it has submitted a revised proposal to the board of Georgia Gulf Corporation (GGC) to acquire all the outstanding shares of Georgia Gulf for $35.00 per share in cash. The Company also announced that Georgia Gulf has rejected this increased offer. The revised proposal represents a 17% increase to Westlake’s previous offer of $30.00 per share, a 77% premium to Georgia Gulf’s unaffected 30-day volume weighted average share price of $19.82 prior to our original public offer and a substantial premium over the volume weighted average share price since the initial offer. In response to direct feedback from Georgia Gulf’s shareholders, Westlake also stated in a letter to Georgia Gulf that it is willing to pay a portion of the merger consideration in Westlake common stock to allow Georgia Gulf’s shareholders to share in the value creation and synergies of the proposed combination and participate in Westlake's advantaged ethylene position. In addition, Westlake said in the letter that in furtherance of its desire to engage in friendly negotiations with Georgia Gulf to achieve a mutually beneficial transaction, Westlake has decided that it will not nominate director candidates for Georgia Gulf’s 2012 annual meeting of stockholders. :theflyonthewall.com |
| | 07:59 EDT | | GGC |
| theflyonthewall.com: | Georgia Gulf rejected increased offer from Westlake Chemical, CNBC reports | | Westlake Chemical (WLK) increased its acquisition offer for Georgia Gulf (GGC) to $35 per share from $30 per share, but the offer was rejected, CNBC's David Faber reports, citing sources. Westlake Chemical does not plan to mount a proxy fight for Georgia Gulf, Faber added, who said the increased offer will be announced today in a press release. :theflyonthewall.com |
| | 07:56 EDT | | GGC |
| theflyonthewall.com: | Westlake Chemical does not plan proxy fight for Georgia Gulf, CNBC reports | | :theflyonthewall.com |
| | 07:55 EDT | | GGC |
| | 07:55 EDT | | GGC |
| theflyonthewall.com: | Westlake Chemical increased offer for Georgia Gulf to $35 per share, CNBC says |
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