Saint-Gobain and GCP Applied Technologies have entered into a definitive agreement pursuant to which Saint-Gobain will acquire all of the outstanding shares of GCP for $32 per share, in cash, in a transaction valued at approximately $2.3 billion.
The business combination has been unanimously approved by the boards of directors of Saint-Gobain and GCP Applied Technologies. Closing of the transaction is subject to GCP shareholders’ approval, antitrust approvals and satisfaction of other customary closing conditions. It is expected to close by year-end 2022.
