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Case
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Reference no. 9-297-052
Published by: Harvard Business Publishing
Originally published in: 1996
Version: 12 July 1997
Length: 15 pages
Data source: Published sources

Abstract

In 1988, USG was the world's largest gypsum producer and one of the world's largest building-products companies. On May 2, 1988, USG's board of directors announced a proposed leveraged recapitalization plan to thwart a hostile cash tender offer by Desert Partners. With only one week remaining before the tender offer was scheduled to expire, shareholders must decide whether to tender their shares or wait and vote in favor of the recapitalization plan.
Location:
Size:
USD2.9 billion revenues, 22,000 employees
Other setting(s):
1988

About

Abstract

In 1988, USG was the world's largest gypsum producer and one of the world's largest building-products companies. On May 2, 1988, USG's board of directors announced a proposed leveraged recapitalization plan to thwart a hostile cash tender offer by Desert Partners. With only one week remaining before the tender offer was scheduled to expire, shareholders must decide whether to tender their shares or wait and vote in favor of the recapitalization plan.

Settings

Location:
Size:
USD2.9 billion revenues, 22,000 employees
Other setting(s):
1988

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