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Stock Market & Financial Investment News

News Breaks
March 19, 2014
06:06 EDTGRAW.R. Grace to provide five-year financial framework at investor day presentation
W. R. Grace will provide a five-year financial framework for growth and shareholder returns at its investor day to be held today in NYC, which will provide investors with the company’s long-term view on sales, earnings and cash flow growth, capital allocation, and shareholder returns. Its adjusted free cash flow target is $2B.
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November 20, 2014
07:10 EDTGRAW.R. Grace buys out Turkey construction products JV partner
W. R. Grace & Co. has entered into definitive agreements to acquire the remaining 50% equity interest in the joint venture it formed in 1996 with STFA Yatırım Holding A.S., one of Turkey’s most established and reputable conglomerates providing services in construction, natural gas distribution, construction equipment, and construction chemicals. With the agreement, STFA will sell its 50% stake in Grace Yapı Kimyasalları to Construction Products Dubai, a Grace subsidiary. The business, located in Istanbul, Turkey, provides cement additives, concrete admixtures, and building envelope products in Turkey and the surrounding region. The transaction is pending Turkish regulatory approval and is expected to close by the end of the year. Terms were not disclosed.

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