Advertisement
 
YOU ARE HERE: LAT HomeCollections

Union Carbide said it will review GAF's offer.

BRIEFLY

December 12, 1985

However, in its first public response to the unsolicited $4.12-billion tender offer, the chemical giant said there was "no need" for its shareholders to tender their stock or otherwise "take any action with regard to their stock" until Union Carbide's board considers the bid. In a filing with the Securities and Exchange Commission, GAF--a Wayne, N.J.-based specialty chemicals and building products concern--said it will sell Union Carbide's consumer products unit, its metals and carbon products businesses and certain technology and specialty products operations if the merger takes place.

Advertisement
Los Angeles Times Articles
|
|
|